SACRAMENTO, Calif. – The California Department of Financial Institutions said Friday it raised the annual assessments on some 200 state chartered credit unions by 8.6%, to 75 cents per $1,000 of assets.
Invoices were mailed to each state chartered credit union on June 30, and must be paid by July 20.
The assessment for state chartered banks is $1.33 per $1,000 of assets, a decrease of 5.6% from last year’s $1.41 rate.
OakNorth Bank in London is eager to utilize the data it's collected from providing risk management software to American banks over the past five years. Its growth plans include eventually acquiring a charter here and making commercial real estate loans.
An independent examination of the Federal Deposit Insurance Corp. workplace culture revealed an atmosphere of sexual harassment, discrimination and misconduct at the agency and raised the need for significant reforms.
Cybersecurity leaders for Visa, Deluxe and Fiserv said powerful cloud players have been unresponsive to their requests to monitor the vendors' security postures.
The full House is scheduled to vote Wednesday on a Congressional Review Act resolution that would overturn a staff accounting bulletin from the Securities and Exchange Commission. Banks argue that the guidance would effectively cut them out of the crypto custody business.
Thousands of consumers had to wait more than 90 days for funds after their accounts were suddenly closed, according to the Consumer Financial Protection Bureau.
Katherine Weislogel's career began by being in the right place at the right time.
