Banks claim victory in new private flood insurance rule


Depository mortgage lenders are optimistic the final version of a regulation designed to open up the flood insurance market will make it easier for them to comply with a rule requiring them to accept private carrier policies.


FHFA nominee to testify before Senate panel next week


The Senate Banking Committee will examine the nomination of Mark Calabria to oversee the regulator of Fannie Mae and Freddie Mac, as well as nominees for the NCUA board and Treasury.


Warren asks big banks for details on their shutdown response


Sen. Elizabeth Warren questioned the five largest U.S. retail banks in a letter on what they are doing to reduce the impact of the government shutdown on customers.


Banker concerns about credit union mergers are overblown


The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.


PenFed deal feeds bankers' fears of unlimited credit union membership


An “emergency merger” with the troubled Progressive Credit Union gives PenFed — already the nation’s third-largest credit union — the ability to welcome any potential member nationwide.


NCUA accelerates plan to give credit unions more access to capital


The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.


When a credit union group buys a fintech that works with banks


CUNA Mutual, a service provider to credit unions, recently bought Mirador, which is heavily dependent on bank relationships. The challenge now is keeping those clients in the fold.


NCUA lays out legal defense of contentious membership rule


The regulator claimed Congress has already granted it the authority to define field-of-membership areas.


Agencies push banks to use AI, other means to fight launderers


The federal regulators said in a joint statement that they will take a bank's level of innovation into account in supervising its anti-money-laundering procedures.


Regulators offer relief to institutions impacted by California wildfires


Federal and state regulators Thursday offered a slew of regulatory relief measures to banks and credit unions impacted by the disastrous California wildfires.