“Globally coordinated” regulation of cryptocurrencies (and cryptoassets) is the only chance for the supervision of the electronic payments to be effective, a report published recently observes. In its Annual Economic Report 2018, the Bank of […]
No change in the 95.6% current and performing mortgages among national banks was recorded for the first quarter of 2018 compared to one year earlier, according to a report by the national regulator of banks […]
Last week’s interest rate changes are reflected in an increase in the primary credit rate of one-quarter percent under amendments to the Federal Reserve’s Regulation A, which are set to take effect Wednesday (June 20). […]
Federal Reserve Banks will pay 1.95% on depository institutions’ balances maintained to satisfy reserve balance requirements under Regulation D as well as excess balances they maintain, according to a Federal Reserve Board notice scheduled to […]
The New York branch of the Bank of China was cited for Bank Secrecy Act/anti-money laundering (BSA/AML) deficiencies and assessed a $12.5 million civil money penalty (CMP) in enforcement orders disclosed Friday by the Office […]
A former federal credit union regulator would take the place of a current federal credit union regulator if confirmed by the Senate, under an “intention to nominate” announced by the White House Monday. The nomination […]
A nine-year veteran of the regulator of national banks is the agency’s next chief accountant and deputy controller, according to a release issued Monday. Sydney Menefee will be the deputy comptroller and chief accountant for […]
For Kathleen “Kathy” Kraninger, being nominated by the White House as the next permanent director of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) is another line of government service on her […]
Treasury’s Community Development Financial Institutions (CDFI) Fund will pause its acceptance of new CDFI certification applications from Aug. 1 through Oct. 31 so it can switch to a new platform. Acceptance of new applications will […]
The Office of the Comptroller of the Currency (OCC), noting regulators’ ongoing work to modernize the Community Reinvestment Act (CRA) regulations, on Friday issued a set of clarifications to its current supervisory policies and practices […]
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