The leader of a five-year information technology modernization plan has been named the new chief information officer (CIO) for the federal insurer of bank deposits, the agency said Thursday. Sylvia Burns, who joined the Federal […]
A “cost of compliance survey” developed to measure expenses related to collection of information about applications for credit made to financial institutions by women-owned, minority-owned, and small businesses will be released for comment by the […]
As regulatory burdens have risen, community banks have scaled back their mortgage lending, a governor of the Federal Reserve asserted Thursday, calling that a challenge to the overall housing sector. In a speech, Fed Gov. […]
The chair of the Federal Reserve and the president of the United States rekindled their sometimes-fraught relationship in November with a 30-minute meeting, ending a six-month apparent moratorium on direct engagements between the two. According […]
Lending was growing modestly in most Federal Reserve districts during the latest quarter, but some districts still reported “flat” or even “declining” growth in borrowing, according to the latest report from the banks issued Wednesday. […]
The 12 commercial bank, thrift, and credit union representatives who will serve on the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC) in 2020 were announced by the central bank Tuesday. The CDIAC advises […]
A high percentage of employees of the Consumer Financial Protection Bureau (CFPB) responding to the agency’s latest employee survey said they like the kind of work they do and that their work is important, but […]
A sale of all of the thousands of loans for taxi medallions is planned by the federal credit union regulator, according to press reports this week. The agency had no comment on the reports. According […]
Federally supervised banking organizations are due to have their fourth-quarter call reports in to their federal regulatory agencies no later than Jan. 30 – except those with more than one foreign office (not counting “shell” […]
A decrease of $7.6 billion in net income – about 12% – was recorded by the Federal Reserve in 2019 from the previous year, the agency said Friday, which the central bank attributed mostly to […]
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