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FDICLack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, [...] -
OtherJonathan McKernan, previously nominated to be director of the Consumer Financial Protection Bureau (CFPB), is now instead nominated to succeed former Treasury Under Secretary for Domestic Finance Nellie Liang, who reportedly resigned from the post [...]
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The FedFederal Reserve Board Gov. Michelle W. Bowman was sworn in Monday as the board’s vice chair for supervision, with Fed Chair Jerome H. (“Jay”) Powell administering the oath of office, the Fed announced. Bowman was [...] -
OCCA demand to jettison regulations that pre-empt state consumer financial laws was denied Monday by the national bank regulator, who told a group of state supervisors that the national rule is compliant with federal law [...] -
The FedPragmatism, analysis and cost effectiveness are three key principles the new top supervisor at the Federal Reserve will use in her role, she told an audience in Washington Friday. Michelle W. Bowman, the new vice [...]
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The FedThe Federal Reserve Friday selected a former Justice Department inspector general (IG) to serve the same role for the central bank – and for the federal consumer financial protection agency. In a release, the Fed [...] -
NCUAThe agency’s one-member board is “tentatively” scheduled to hold its next open meeting July 24, the National Credit Union Administration (NCUA) said in a release Friday. While not specifying so in its release, the agency [...] -
The FedProduction of data on the types and volumes of financing provided by nonbank financial institutions to households and businesses in the U.S. economy is the aim of the annual census announced Friday by the Federal [...] -
FDICOne bank was rated “needs to improve” and two were rated “outstanding” for their performance under the federal anti-redlining Community Reinvestment Act (CRA), the federal bank deposit insurer said in releasing its March ratings. The [...] -
NCUAFederally insured credit unions saw 2.6% asset growth and 3.3% loan growth over the 12-month period ending March 31, while total shares and deposits rose 4.5%, the National Credit Union Administration said Thursday. The agency, [...]
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