The number of customers who are financially healthy dropped to 32 percent, according to a recently J.D. Power report. The decline follows two consecutive months of improvement. The Banking and Paym...
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The Consumer Bankers Association, the Bank Policy Institute and The Clearing House Association recently sent a letter to the U.S. Department of the Treasury urging prompt action to minimize the use of...
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The National Credit Union Administration (NCUA) facilitated the liquidation of an Ohio credit union, and its partial purchase and assumption by another. Specifically, the deal involves Butler Herit...
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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned Aeza Group for supporting cybercriminal activity. According to the OFAC, Aeza Group was designated a bulletproof...
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Investment managers plan to allocate 24 percent of projected capital raised between October 2024 and September 2026 to new development, according to a recently released Federal Reserve Bank of New Yor...
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The American Bankers Association expressed its support for the Trump administration’s effort to increase the efficiency of the payment system. In a letter to the Treasury Department, ABA official...
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In its Semiannual Risk Perspective for Spring 2025, the U.S. Office of the Comptroller of the Currency (OCC) reported the key issues facing the federal banking system. Overall, the OCC reported tha...
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Large banks are well positioned to weather a severe recession, according to the results of the Federal Reserve Board's annual bank stress test. Under this year's hypothetical recession, the aggrega...
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Legislation expanding the maturity cap on federal credit union loans was introduced by U.S. Rep. Scott Fitzgerald (R-WI) recently. The legislation, the Expanding Access to Lending Options Act, wou...
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The Office of the Comptroller of the Currency (OCC) has closed the Santa Anna National Bank of Santa Anna, Texas. The OCC appointed the Federal Deposit Insurance Corporation (FDIC) as receiver, and...
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