Extension of deadlines to 2021 for filing the next round of “living wills” for nearly 100 large banks – mostly foreign, and some domestic – was announced Friday by federal banking regulators, as the agencies said the […]
The federal bank deposit insurer on Friday issued guidance to provide some regulatory relief to banks in Missouri and Texas affected by recent severe storms and flooding – and in Missouri, tornadoes – to make […]
Civil money penalties (CMPs) totaling $155,700 were assessed against two banks in late May and June over their “pattern or practice” of violating the Flood Disaster Protection Act (FDPA), the National Flood Insurance Act (NFIA) […]
Comments on two controversial proposals by the federal regulator of credit unions are due, and the chair of the Federal Reserve meets the press about interest rates and (likely) other issues regarding the Fed – […]
The federal agency charged with consumer financial protection on Thursday issued an advance notice of proposed rulemaking (ANPR) that asks, among other things, whether a direct measure of a consumer’s personal finances – such as […]
Clear communication from the Consumer Financial Protection Bureau (CFPB) and the federal banking regulators on appropriate use of alternative data in the underwriting process would bring fintech lenders greater certainty about their compliance with fair […]
A fully revised “Corporate and Risk Governance” booklet of the Comptroller’s Handbook and an updated “Internal and External Audits” booklet, both of which apply to bank examinations, were issued Thursday by the Office of the Comptroller […]
Beverly Cole will become the Deputy Comptroller of the Northeastern District, and Beth Dugan and Mark Richardson will become Deputy Comptrollers for Large Bank Supervision to fill posts left open due to a recent retirement […]
Consent orders with two bank holding companies in Minnesota – Mesaba Bancshares, Inc. (Grand Rapids) and First National Financial Services, Inc. (Elk River) – were terminated Thursday by the Federal Reserve Board, the Fed said […]
In an unusual proposal, five debt collectors will settle a complaint with the federal consumer financial protection bureau by agreeing to be banned from the industry and pay fines and redress of $60 million. But […]
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