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TBA News & Headlines

FDIC, OCC Announce Relief for Flooding-Hit Banks

Following the catastrophic flooding in Texas and Oklahoma, the OCC yesterday declared an emergency in the affected areas and said that national banks and federal thrifts would be permitted, at their own discretion, to close branches and offices in th

FDIC: Noninterest Income Drives Rebound in Bank Earnings

FDIC-insured banks and savings institutions earned $39.8 billion in the first quarter, up 6.9 percent from the industry’s earnings a year before, the FDIC said yesterday.

Members of Congress Issue Bipartisan Call for TRID Grace Period

Hundreds of lawmakers wrote to the Consumer Financial Protection Bureau last week urging Director Richard Cordray to provide an enforcement grace period after the TILA-RESPA integrated disclosures take effect on Aug. 1.

USPS Watchdog Says Postal Banking Could Be 'Extremely Popular'

The U.S. Postal Service's inspector general on Thursday released a report offering examples of how USPS could expand its financial services offerings and arguing that these services "could be extremely popular."