Adobe Stock Federal regulators have formally begun the process of nullifying their 2023 update to implementing regulations for the Community Reinvestment Act, a Civil Rights-era anti-redlining law that requires banks to invest in the communities they serve. The Federal Reserve Board, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a […]
Regulators begin process of undoing 2023 CRA rule Read More »
Andrew Harrer/Bloomberg The banking industry demonstrated steady earnings performance in the first quarter despite signs of stress in real estate portfolios, according to the Federal Deposit Insurance Corp. FDIC acting Chairman Travis Hill offered a measured outlook for the industry during a Tuesday press conference announcing the quarterly report, noting banks were putting aside slightly
Banks’ net income rises in first quarter, FDIC says Read More »
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