Five new members have been named to the Federal Reserve’s Consumer Advisory Council (CAC) and will begin three year-terms in January, the Fed announced Thursday. The CAC includes experts and representatives of consumer, workforce, and […]
The asset-size thresholds that determine what is a “small” or “intermediate small” bank for Community Reinvestment Act examination purposes will increase on Jan. 1 under action announced Thursday by the Federal Reserve and Federal Deposit […]
The first large-scale study by the federal deposit insurer on the state of the nation’s community banks since 2012 was released Wednesday and covers the period from year-end 2011 through year-end 2019. The Federal Deposit […]
Liquidity swap line and the “foreign and international monetary authorities” (FIMA) repo facilities of the Federal Reserve will live on through Sept. 30 of next year, the central bank said Wednesday, extending the service of […]
A predicted collapse of some financial institutions and others due to over-investment in leveraged loans and collateralized loan obligations (CLO) as a result of the financial impact of the coronavirus crisis did not materialize largely […]
U.S. commercial banks and savings associations reported total trading revenue of $9 billion in the third quarter, down $5.7 billion – or 38.9% – from the second quarter, the Office of the Comptroller of the […]
A final rule to address parent companies of industrial loan companies and banks, a proposed rule to amend suspicious activity report (SAR) regulation at banks, and a 2021 agency operating budget of $2.28 billion were […]
Updates to the Servicemembers Civil Relief Act (SCRA) section of the Consumer Compliance Examination Manual (CEM) of the federal bank deposit insurer were released Tuesday, the agency said in an announcement. The Federal Deposit Insurance […]
A rule narrowing the scope of brokered deposits and redefining market interest rates to include those paid by credit unions (for the first time) when setting restrictions was approved by the board of the federal […]
The nation’s central bank has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, a group of central banks and supervisory authorities formed in 2017 that supports the […]
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