The Federal Reserve Board met three times this week, each instance in closed session, to consider a range of issues, including advance and discount rates. The meetings – held Monday, Tuesday and Wednesday – were […]
A House-Senate conference panel has reached agreement on fiscal 2019 defense authorization that excludes a House-passed provision requiring the Department of Defense (DoD) to allow banks to operate on military installations rent-free — but also […]
“Host state loan-to-deposit ratios” issued by federal banking agencies cover banks including community banks that have covered interstate branches — but does not apply to federal savings associations — according to a bulletin issued Wednesday […]
The National Credit Union Administration (NCUA) is accepting comments until Sept. 24 on its proposed extensions of four information collections. All are proposed for extension without revision except one – the designation of low-income status. […]
The credit union federal regulator wants to extend a requirement that federally insured credit unions (FICUs) seeking to buy assets or assume liabilities from a privately insured credit union (or other non-FICU financial institution) must, […]
Bills to amend the definition of mortgage lending fees, allow the sharing of service company examination information with states, and protect financial technology and digital currencies were marked up and approved Tuesday by the House […]
Helping him avoid a “dead end” as a youth was access to financial services stimulated by the confidence of local bankers, and a loving family, the nominee to head the Treasury’s financial research arm said […]
An enforcement action initiated in 2015 for “deficiencies relating to compliance” with anti-money laundering requirements has been terminated (as of July 18) against East West Bank, of Pasadena, Calif., the Federal Reserve said Tuesday. The […]
A revised booklet on regulatory capital rules and supervision was issued Monday by the Office of the Comptroller of the Currency (OCC). The booklet, “Capital and Dividends,” is part of the Comptroller’s Handbook and applies […]
Federal Reserve Board Vice Chairman for Supervision Randal K. Quarles was sworn in to a 14-year term as a member of the board Monday. The oath of office was administered by Fed Chairman Jerome (“Jay”) […]
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