Unprofitable Indiana community bank hit with consent order
Farmers and Mechanics Federal Savings Bank in Bloomfield, Indiana, last turned a profit in 2023.
SEC’s Atkins touts coordination with CFTC
Securities and Exchange Commission Chair Paul Atkins said his agency and the Commodity Futures Trading Commission are working together to usher in a friendlier regulatory environment for technology and crypto firms, a marked departure from the interagency dynamic under President Biden.
Merchants ask OCC to reverse swipe fee preemption
Retailers say the Office of the Comptroller of the Currency’s move to preempt an Illinois law undermines states’ powers to curb interchange fees charged in their jurisdictions and perpetuates a system that raises costs for businesses and consumers.
Commercial cards are booming. How can banks take advantage?
Silent attrition and low small business adoption are among the challenges to banks’ corporate card business.
Foreclosure inventory rises in 1Q to six-year high
The total delinquency rate rose 0.2 percentage points annually in March, with the share of loans 90 days late rising out of the range they were in since 2024.
Rate may allow some refinance loans to skip title policy
The test of automated risk assessments for government-sponsored enterprise-eligible mortgages are designed to help determine when waivers might be possible.
ECB tells banks to speed tech fixes as AI shrinks the clock
The eurozone’s top bank supervisor is the latest to act on artificial intelligence’s impact on cyber risk, even as U.S. regulators set no formal expectations.
Press Release: FDIC Issues CRA Examination Schedules for Third Quarter 2026 and Fourth Quarter 2026
PRESS RELEASE | MAY 29, 2026 FDIC Issues CRA Examination Schedules for Third Quarter 2026 and Fourth Quarter 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the third quarter 2026 and fourth quarter 2026. CRA regulations require each federal bank and […]
Fed’s Bowman willing to look through war-driven inflation bump
Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she believes price growth is still heading toward the central bank’s 2% target when factoring out one-time shocks such as tariffs and elevated oil prices.
Press Release: FDIC Publishes Enforcement Orders for April 2026
PRESS RELEASE | MAY 29, 2026 FDIC Publishes Enforcement Orders for April 2026 WASHINGTON—The Federal Deposit Insurance Corporation (FDIC) today published a list of orders of administrative enforcement actions taken against banks and individuals in April 2026. There are no administrative hearings scheduled for June 2026. Consent Order: Farmers and Mechanics Federal Savings Bank, Bloomfield, […]