Bankruptcy Blogs

OCC undermines own CRA rule by putting key metric on hold

10/21/20

Delaying a proposed benchmark for grading banks' performance in Community Reinvestment Act exams to appease critics of its initial proposal will make it harder to gauge the final rule’s impact.

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Charge-offs held in check … for now

10/21/20

Banks have managed to steer around trouble spots in energy, hotel and mall-related credits. But fears of further deterioration, an eviction wave or more job losses are keeping lenders circumspect.

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NCUA employees will have choice to continue working virtually

10/21/20

The credit union regulator has no immediate plans to bring staff and examiners back into the office, but Chairman Rodney Hood said staying remote would remain an option for all staff members during Phase 1 of any return.

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Fed: Pandemic work’s not finished yet; regulators' new net stable funding ratio

10/21/20

Quarles says the pandemic revealed flaws in the financial system that have yet to be fixed; big banks will need to have enough funds on hand to meet their needs for a year.

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How much should Chase’s new kids’ account concern credit unions?

10/21/20

Many credit unions offer youth accounts to help establish early banking relationships, but a new account for kids from the nation’s largest bank has raised the level of competition.

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Houston de novo effort secures conditional regulatory approval

10/20/20

Agility Bank, one of two women-led groups seeking charters, is looking to open next spring.

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BNP Paribas out front on digital asset storage

10/20/20

National banks just got the OCC's go-ahead this summer to hold and transfer digital assets like bitcoin for customers, but the Paris-based bank has already vetted the technology needed to do the job.

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Midsize banks brace for loan defaults, more margin pressure

10/20/20

Weak loan demand, persistently low yields and the continued struggles of sectors such as hospitality and retail are among the myriad lending challenges facing small regional banks.

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GSE exemption to stay in place until underwriting rule finished: CFPB

10/20/20

The agency confirmed that loans backed by Fannie Mae and Freddie Mac can continue avoiding debt-to-income limits as the bureau completes a revamp of the Qualified Mortgage standard.

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Need a Lyft to the polls? Michigan Legacy has it covered.

10/20/20

The Detroit-area credit union is offering consumers within five zip codes free trips to voting sites on Election Day.

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