Top headlines in today’s news …
Payment stablecoin issuers would be required to fully back their stablecoins with certain permissible reserve assets, and banks applying to issue payment stablecoins would face a “tailored application process” under two proposals issued Thursday by […]
Banks and credit unions are not barred from sharing information contained on anti-money laundering reports about potentially fraudulent or other suspicious transactions with other financial institutions or customers if the existence of the report is […]
Updated for Federal Register notice, effective date. A uniform definition for the term “unsafe or unsound practice” for use in enforcement actions that is designed, banking regulators said, to ensure examiners prioritize concerns related to […]
Second-quarter call report data show banks’ return on assets (ROA) and net income both up from the second quarter and from a year ago, the Federal Deposit Insurance Corp. (FDIC) said Tuesday. ROA overall was […]
Recission of a four-year-old policy aimed at helping creditors expand responsible credit access to economically or socially disadvantaged consumers and commercial enterprises was announced Tuesday by federal banking and credit union agencies, along with other […]
Faster approvals of federal deposit insurance for new banks is one of the intentions behind a revised process announced Monday by the federal bank deposit insurance agency. In a release, the Federal Deposit Insurance Corporation […]
The Senate on Friday confirmed John Crews to a seat on the National Credit Union Administration (NCUA) Board for a term that will continue through August. 2, 2031. Crews has served as Treasury’s deputy assistant […]
A pilot survey on lending trends in the U.S. private credit direct lending market – estimated to be more than $1.3 trillion – is planned by the Federal Reserve Banks of Dallas and New York, […]
A new office created in January to consider and resolve banks’ appeals of material supervisory determinations to the federal bank deposit insurer is officially open for business now that the agency has peopled the three-member […]
Smaller banks – those with $10 billion or less in assets – would receive significant easing of anti-redlining regulations under a joint proposal issued by the national bank regulator and federal bank deposit insurance agency […]
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