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Results 1 - 10 of 684 |
Posted Date: Friday, May 17, 2024
The Federal Reserve and the Office of the Comptroller of the Currency will hold a joint public meeting to collect stakeholder feedback on a proposed merger between Capital One Financial Corp. and Discover Financial Services. The agencies also announced a second extension to the public comment period for the proposal through July 24. Read on »
Posted Date: Tuesday, May 14, 2024
Nonbank mortgage activity and the use of automated tools in lending decisions are among the main focal points in the Financial Stability Oversight Council’s (FSOC) annual report summarizing key vulnerabilities in the financial system and recommendations for mitigating risks, as well as the council’s activities in 2023. Regulators commented on the need for FSOC to have more tools to help stem emerging financial stability risks. Read on »
Posted Date: Tuesday, May 14, 2024
Executive compensation at some of the country’s largest banks is the subject of a new proposal by federal banking regulators. The proposed rule would implement one of the last remaining provisions of the Dodd-Frank Act and requires approval from six regulatory agencies.
The Federal Deposit Insurance Corp. voted 3-2 in favor of putting the notice of proposed rulemaking out for comment despite having secured support from only four of the six required federal agencies. 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: 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
Hope Bancorp, Inc. and Territorial Bancorp Inc. jointly announced a definitive merger agreement, expected to create the largest regional bank catering to multi-ethnic customers across the continental U.S. and the Hawaiian Islands.
Hope Bancorp said it intends to preserve Territorial’s 100-plus year legacy in Hawaii, including its brand name, culture and commitment to local communities, in a joint press release announcing the deal. 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
The U.S. banking system made it through the first quarter of 2024 without a single bank failure, which is good news after a year in which there was at least one failure per quarter. On April 26, the Federal Deposit Insurance Corp. announced Republic First Bank as the first institution to fail this year.
Fulton Bank, National Association of Lancaster, Pa., absorbed all assets and branches previously belonging to the Philadelphia-based regional bank. 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 »
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