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Community Banks and Credit Unions |
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Results 1 - 10 of 1294 |
Posted Date: Friday, May 17, 2024
October Research, LLC debuted its new “Keys to Real Estate” podcast, hosted by Chief Knowledge Officer Mary Schuster, on May 16. Industry professionals can now hear from some of the most knowledgeable thought leaders on topics impacting the real estate transaction while on the go delivered weekly via various podcast platforms and YouTube. Read on »
Posted Date: Friday, May 10, 2024
To support third-party risk management efforts among community banks, the three federal banking agencies unveiled a comprehensive guide to help those institutions navigate the complexities associated with third-party relationships. The guide highlights a host of considerations institutions are encouraged to keep in mind during the third-party relationship lifecycle. Read on »
Posted Date: Friday, May 10, 2024
Financial trade advocates joined together to detail their opposition to the treatment of digital assets under a policy enacted by the Securities and Exchange Commission more than two years ago. The four trade organizations called on Congress to do away with the policy in a recent comment letter.
Additionally, a recent hearing about the Consumer Financial Protection Bureau’s rulemaking activities on various fees served as an opportunity for one trade group to reiterate its strong opposition to what it contends to be the bureau’s politically motivated policy agenda.
Read about these industry developments and more in this roundup. Read on »
Posted Date: Tuesday, May 7, 2024
Houston’s largest credit union, Texas Dow Employees Credit Union, recently entered into an agreement to acquire Sabine State Bank and Trust Co., a commercial bank with more than $1.2 billion in total assets. Mergers involving tax-exempt credit unions acquiring banks have been a source of contention and legal debate in the past, and this one is no exception. Read on »
Posted Date: Tuesday, May 7, 2024
Federal regulators are constantly researching products, fees and policies to assess whether they align with current laws and regulations. Two agencies recently published reports that could be of interest to secondary market participants and consumers with health savings accounts.
Find out more about these studies, as well as other recent developments from regulatory agencies that may have evaded the major news headlines. Read on »
Posted Date: Friday, May 3, 2024
As the Federal Reserve announced for the sixth straight month that interest rates will remain unchanged, the agency signaled its plans to shift its approach to tackling inflation. This will entail reducing the amount of Treasury securities held on its balance sheet through a process commonly referred to as quantitative tightening.
Fed Chair Jerome Powell offered a detailed explanation of the decision, and Mortgage Bankers Association Chief Economist Michael Fratantoni commented on the implications. Read on »
Posted Date: Friday, May 3, 2024
Financial trade organizations have their sights trained on several pressing regulatory issues that were not as widely publicized as others but are still critical to their operations. In this roundup, we examine what some of the largest associations representing banks and credit unions have to say about potential rulemaking activities and pending legislative matters that could affect their members’ businesses. Read on »
Posted Date: Tuesday, April 30, 2024
Federal regulatory agencies frequently seek feedback from industry stakeholders by forming advisory committees and advertising for comments on rulemaking activities. The Federal Deposit Insurance Corp. recently added representatives from multiple institutions to its advisory committee on community banking. Learn about these developments and more in this regulatory roundup. Read on »
Posted Date: Tuesday, April 23, 2024
The Federal Reserve’s proposed changes to regulations on interchange fee caps have received pushback from the financial sector and sparked disagreement among Fed Board governors. The Fed extended the comment period by 90 days, until May 12, in response to industry concerns about needing more time to evaluate the rule’s implications.
Comments have continued to roll in from banks, credit unions, legislators, merchants and non-profit organizations expressing mostly opposition to the proposal. Read on »
Posted Date: Tuesday, April 23, 2024
The National Credit Union Administration unanimously approved an advance notice of proposed rulemaking asking stakeholders to suggest improvements to the agency’s regulations implementing its records preservation program and accompanying guidelines.
NCUA rules and regulations require all federally insured credit unions to maintain a records retention program to identify, store and reconstruct vital records in the event they are destroyed. Read on »
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