Encouraging banks and credit unions to explore “innovative approaches” to meet anti-money laundering compliance obligations is the thrust of a joint statement issued Monday by the three federal banking regulators, the federal credit union regulator […]
Federal workers, including those at the federal financial institution regulatory agencies, will be excused from duty under an executive order issued by the president over the weekend, according to guidance issued by the White House […]
Memorial services spanning Tuesday through Thursday for former President George H.W. Bush, — who died Friday – are having ripple effects on events in the week ahead affecting federal financial regulators. The effects include a […]
A civil money penalty (CMP) of $300,000 was assessed against a Louisville, Ky., bank in October, the Federal Deposit Insurance Corp. (FDIC) said Friday; the action was one of 16 enforcement actions taken in October […]
Approximately 550 banks and thrifts are scheduled for Community Reinvestment Act (CRA) examinations by the Federal Deposit Insurance Corp. (FDIC) during the first two quarters of 2019, according to schedules published Friday. CRA is a […]
A 10% reduction in marginal assessments charged to national banks, federal savings associations, and federal branches and agencies of foreign banks to pay for federal supervision is in place for 2019, the national bank regulator […]
A recent survey of senior financial officers at banks showed that the respondents – which held about two-thirds of total reserve balances at the time – were keeping reserves well above their lowest comfortable level, […]
Two former credit union employees, including one from a large, now-defunct credit union formerly involved in the taxi medallion market, have been barred by the federal credit union regulator from any future involvement in the […]
A vote on the president’s nomination of Kathleen (“Kathy”) Kraninger to a permanent post as director of the consumer financial protection bureau cleared a procedural step Thursday and is on track for a Senate vote […]
Four information collections are up for renewal at the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB): consumer leasing disclosures, information retention under mortgage acts and practices rules, disclosures related to mortgage assistance […]
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