The merger of Howard Bancorp with First Mariner Bank (FM), both of Maryland, was approved on a vote of 3-0 Monday by the Federal Reserve Board. The Federal Reserve, in its filings, noted that the […]
Reducing the vulnerabilities and impact of successful exploitation of the financial sector’s cybersecurity infrastructure, primarily by acceding to the private sector and trading compliance for a greater investment in security, are central tenets of the […]
Noting that it is committed to “rolling back the regulatory excesses” of financial institution rule reform adopted in the wake of the Great Recession, the Trump Administration’s 2019 proposed budget recommends subjecting funding for two […]
Five revisions to its rule on pre-paid accounts — including extending the overall effective date to April 1, 2019, and providing that financial institutions will not be required to resolve errors or limit consumers’ liability […]
A final rule for calculating pro-rata share distributions of National Credit Union Share Insurance Fund (NCUSIF) equity, and rebates from the now-closed fund to resolve “corporate credit unions,” will be considered by the NCUA Board […]
Hearings on the regulatory regime affecting data security and how notifications of breaches are reported, and an examination of “de-risking” and its impact on access to financial services, are scheduled in the House next week, […]
Nominations for the chairman of the Federal Deposit Insurance Corp. (FDIC) Board, a member of the Federal Reserve Board and the insurance representative for the Financial Stability Oversight Council (FSOC) were all approved Thursday by […]
A former Maryland banker would be banned for life by the Federal Reserve from participating “in any manner in the conduct of the affairs of any institution” due to his self-dealing, ultimately causing the bank […]
One “outstanding” evaluation, 15 “satisfactory” ratings and no ratings of “needs improvement” or “substantial noncompliance” were noted in January listings for Community Reinvestment Act (CRA) performance evaluations released by the Office of the Comptroller of […]
The U.S. arm of a huge multi-national Dutch banking company was assessed a $50 million civil money penalty Wednesday by a federal banking regulator charging deficiencies in the U.S. bank’s anti-money laundering (AML) processes. The […]
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