The OCC yesterday updated its Comptroller’s Handbook guidance on credit card lending. The revised booklet rescinds outdated guidance, updates guidance to include thrifts, provides guidance to examiners on assessing credit card risk management and addresses the CARD Act.
ABA expressed support for the Common Cents Act, which renews calls for officially halting the production of the U.S. penny for general circulation.
Lending to individuals who are not legally authorized to work in the U.S. may present elevated credit risk to financial institutions, the FDIC, OCC and National Credit Union Administration said in joint guidance.
The CFPB has temporarily halted plans to shrink its current workforce by more than half until a new bureau director is in place, according to a court filing.
Among its homeownership benefits, the legislation also includes provisions related to brokered deposits, bank examinations, de novo bank formation and a mentor-protégé program pairing large financial institutions with smaller depository institutions.
Oil prices have largely returned to early-2026 levels. In contrast, the implied yield on the Fed Funds Futures December 2026 contract is up 80 basis points from a year ago, suggesting a broader range of risks and uncertainty...
The FDIC entered into an agreement with Kentland Bank of Kentland, Indiana, to purchase substantially all assets and assume all deposits of Kentland Federal Savings and Loan Association, which was the smallest standalone bank in the U.S., with...
