Rules and regulations in 35 areas are up for review in the New Year by the federal regulator of credit unions, part of the agency’s annual “regulatory review;” comments are due June 1. The National […]
The leader of the Federal Reserve Board would be referred to as “chair” (rather than “chairman”), and the 12 Federal Reserve banks would be required to interview at least one minority and one female candidate […]
A former employee of CFG Community Bank, a state member bank in Baltimore, Md., is barred by the Federal Reserve Board from future service in any federally insured financial institution and must pay a total […]
Unedited “living wills” for 738 financial companies – including bank holding companies with $50 billion or more than in assets and nonbank financial companies designated for supervision – dating from to 2012 to the last […]
Signs of continued economic growth – with eight of 12 Federal Reserve districts reporting modest to moderate growth – were noted in the Fed’s latest Beige Book report. “Outlooks generally remained positive, but many Districts […]
A final rule to implement a 2.5% increase in maximum civil money penalties (CMP) that may be assessed by the Consumer Financial Protection Bureau (CFPB) was signed Jan. 6 by agency Director Kathleen (“Kathy”) Kraninger […]
Five former directors of a Montana bank were fined $2,000 each – and the bank’s former president and board chairman $10,000 — for failing to take actions to correct issues outlined under a previous consent […]
Congress should consider legislation for the future federal role of the government-sponsored enterprises (GSEs) in housing finance that addresses their structure and establishes clear, specific, and prioritized goals, as well as considering all relevant entities, […]
A 2018 inspector general report on spending by the office of the chairman of the federal credit union regulatory agency, conducted in follow-up to an anonymous complaint, omitted any benchmarking with similar spending of other […]
A rule that, as of Jan. 28, is expected to make more than 400 additional banks potentially eligible for the 18-month, on-site examination cycle is highlighted in a bulletin issued Thursday to banking institutions supervised […]
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