The federal regulatory agency charged with insuring bank deposits has shifted its post-examination process for federally insured institutions to its ombudsman office, according to a Financial Institution Letter (FIL) issued Thursday. The survey was previously […]
Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule […]
The Consumer Financial Protection Bureau (CFPB) director’s decision, conveyed to Congress recently, to no longer defend a provision in the Consumer Financial Protection Act limiting the president’s ability to remove the director ”does not mean […]
The independence of the nation’s central bank has served the public well, and the chairman of the bank’s board expects to continue his press conferences following meetings of interest rate policy-setting committees, he said Wednesday. […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Final rule Summary: The OCC, Board, FDIC, FCA, and FHFA (each, an agency, and collectively, the agencies) are […]
The federal bank deposit insurer’s proposal Tuesday to ease collateral provisions of the interagency swap margin rule drew criticism and a warning from the chair of the House panel with jurisdiction over financial industry laws […]
The consumer complaint database maintained by the Consumer Financial Protection Bureau (CFPB) is slated for enhancements that will include modified disclaimers regarding the published data, more prominence for answers to common financial questions and information […]
Revisions to the current swap margin rule in place at federal banking regulators and others that would, among other things, address the expected phase-out of the London Interbank Offered Rate (LIBOR) and ease requirements for […]
The relationship between subjective financial well-being and objective credit report characteristics and consumers’ engagement with financial information through educational tools is highlighted in a report issued by the federal consumer financial protection agency Tuesday. In […]
A final rule that gives qualifying community banks the option to use a “simplified” measure of capital adequacy instead of risk-based capital, beginning with their March 31, 2020, call reports, was approved Tuesday by the […]
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