An increased cost of liquidity to firms is caused by the Volcker Rule, while at the same time the rule does not decrease their exposure to liquidity risk, a new report issued Tuesday by a […]
Credit unions and other victims of fraud such as business email compromise are urged to file a complaint with federal law enforcement as soon as they identify suspicious activity, their federal regulator said in a […]
Use of an “alternative data” model for determining credit worthiness has resulted in 27% more applicants being approved, and 16% lower interest rates, than traditional models have recorded, the federal consumer financial protection agency said […]
Domestic banks responding to the Federal Reserve’s July senior loan officer opinion survey reported tightened standards over the past three months across all three major commercial real estate (CRE) loan categories – construction and land […]
Everyone deserves the same ability to make and receive payments immediately and securely, and every financial institution deserves the same opportunity to offer that service to its community, the Federal Reserve governor overseeing the agency’s […]
A new, round-the-clock real-time payment settlement service will be developed by the nation’s central bank, becoming available in four to five years, the agency said Monday. The new service from the Federal Reserve will be […]
One bank earned an “outstanding” rating and another a rating of “needs improvement” out of a total 75 evaluations conducted in May for Community Reinvestment Act (CRA) compliance by the federal insurer of bank deposits, […]
Credit unions accepting deposits from legal cannabis-related business will not be sanctioned by their federal regulator as long as they are adhering to federal anti-money laundering and Bank Secrecy Act (AML/BSA) requirements and the agency’s […]
“Payment systems” is the topic a speech scheduled for Monday by Federal Reserve Board Gov. Lael Brainard in Kansas City, following closely on the heels of comments by the Fed’s board chairman this week that […]
(Updated Aug. 5, 2019) The federal regulator of credit unions wants to add two questions to NCUA Form 4501A, Credit Union Profile, to evaluate industry-wide exposure to single- and multi-employer defined benefit plans, according to […]
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