Little or no changes in loan volumes were reported by bankers in the last few weeks of 2020, and optimism for economic recovery in the wake of COVID-19 vaccines has waned over the recent surge […]
Nominations to membership on the panel that advises the Financial Crimes Enforcement Network (FinCEN) director on Bank Secrecy Act (BSA) reporting requirements will be taken until Jan. 28, the agency said in a recent notice. […]
Maximum civil money penalty amounts are rising about 1.18% under inflation adjustments made by federal financial institution regulators, with the increased maximums set to apply after Jan. 15. The Federal Deposit Insurance Corp. (FDIC), Federal […]
Melissa M. Lowden will be the federal credit union regulator’s next deputy chief financial officer, effective Jan. 17, the agency said Tuesday. In a release, the National Credit Union Administration (NCUA) said Lowden – who joined […]
Title: Computer-Security Incident Notification Requirements for Banking Organizations and Their Bank Service Providers Subject: Notification incident Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The OCC, Board, and FDIC (together, the agencies) invite comment […]
Title: Chartering and Field of Membership-Shared Facility Requirements Subject: Service facility Agency: NCUA Status: Final rule Summary: The NCUA Board (“Board”) is adopting a final rule amending its chartering and field of membership (“FOM”) rules […]
Federally insured credit unions (FICUs) designated as “low-income” by the National Credit Union Administration (NCUA) can apply to the agency’s streamlined qualification process created to smooth the way to community development financial institution (CDFI) certification […]
The application of artificial intelligence (AI) in financial services and risk management is possibly the target of a “request for information” to be issued by federal financial institution regulators, a governor of the Federal Reserve […]
A proposed rule aimed at modernizing requirements related to federal credit union shared service facilities, issued in December, is out for comment until Feb. 10, according to a notice in Monday’s Federal Register. The proposed […]
Federal Reserve board governors will discuss artificial intelligence, the economy, and the Fed’s monetary policy framework in a variety of forums as the federal regulator of credit unions on Thursday takes up a number of […]
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