Credit union lending was up nearly 11% over the year ending Sept. 30, 2017, and memberships continued to surge, posting more than a 4% increase over the same period, according to figures released Wednesday by […]
Legislation that would require federal banking agencies to provide banks or credit unions written justification of any request to terminate or restrict a customer’s account (except for national security) was passed by the House Monday. […]
A proposal to refine methods for determining the levels of intraday credit U.S. branches and agencies of foreign banking organizations (FBOs) can receive from Federal Reserve Banks was approved for a 60-day comment period Monday […]
Reducing fraud risk and advancing the security of the U.S. payment system on behalf of the Federal Reserve will be the roles of the central bank’s security strategy leader, the Fed announced Friday. Kenneth Montgomery, […]
Losses piling up from credit union loans for taxi cab medallions that are falling in value may require the federal fund that insures savings in credit unions to increase loss reserves, a member of the […]
Three new financial reference rates — one of which is meant to replace the U.S. dollar “LIBOR” — that will be based on overnight repurchase agreement (repo) transactions secured by Treasury securities were announced as […]
A new “seal of office” for the regulator of federal credit unions was signed off on by President Donald Trump Friday, who issued an order which calls for imposition of an eagle, three stars (representing […]
A failure to progress on a program meant to manage risk among large banks and financial institutions may be leading to a threat to the independence at the Federal Reserve from the industry it regulates, […]
Support for the conclusion of efforts to reform the international bank capital standards initiated in response to the global financial crisis was announced Thursday by the federal banking regulatory agencies. In a joint release, the […]
A package of proposals intended to increase the transparency of stress testing program while maintaining the ability to test the resilience of the nation’s largest and most complex banks was announced by the Federal Reserve […]
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