Bipartisan bill seeks to boost affordable housing

The Community Investment and Prosperity Act would increase the statutory cap for bank investment into community development projects, unlocking “billions in capital” that can be directed to affordable housing.

Press Release: FDIC Publishes Enforcement Orders for June 2025

PRESS RELEASE | JULY 25, 2025 FDIC Publishes Enforcement Orders for June 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in June 2025. There are no administrative hearings scheduled for August 2025. Order Terminating Consent Order: Citizens State Bank, […]

Flagstar’s losses shrink as bank looks toward profitability

The Long Island-based company’s second-quarter net loss was the seventh consecutive quarter in which it has reported a net loss. CEO Joseph Otting remained optimistic Friday about the bank’s future, saying it should return to profitability in the fourth quarter.