The FDIC and OCC proposed a series of amendments to Community Reinvestment Act regulations to “refocus” on the law’s objective of getting banks to meet the credit needs of their communities, including narrowing the list of qualifying activities...
The Federal Reserve proposed a new rule to “modernize” the mutual bank regulatory framework, including changes to expand access to capital and remove restrictions on converting to a stock company. ABA has long advocated for updating the framework.
FinCEN Director Andrea Gacki will step down from her position to become global head of sanctions at Citi, according to an announcement by the bank.
The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 6.04%.
The Federal Reserve, FDIC and OCC issued a revised compliance guide for the Community Bank Leverage Ratio framework, reflecting changes that took effect in July.
While frontier artificial intelligence models strengthen both cyberattacks and cyber defense, the financial costs for both are “asymmetric” and may favor attackers, according to a new bulletin published by the Bank for International Settlements.
