Climate change is already imposing substantial economic costs and is projected to have a profound effect on the economy at home and abroad, a member of the Federal Reserve Board said Thursday. In remarks to […]
A final rule to apply netting provisions of a 1991 banking law to an expanded group of entities, including swap dealers, nonbank systemically important financial institutions and others, was announced by the Federal Reserve Board […]
The federal fund that insures savings in credit unions saw its equity ratio rise four basis points (bp) in the final six months of 2020 to 1.26%, growth that occurred only amid continuing pressure from […]
A final rule permitting the use of records other than signed membership cards or account signature cards as evidence that a jointly owned account qualifies for share insurance coverage apart from individually owned accounts was […]
A final rule removing the double counting of some of the optional portions of capital related to the transition to the current-expected-credit-loss (CECL) accounting standard was adopted Tuesday by the Federal Deposit Insurance Corp. (FDIC) […]
A webinar on the Earned Income Tax Credit and Volunteer Income Tax Assistance (VITA) programs will be held Feb. 23 and co-sponsored by the federal credit union regulator and the Internal Revenue Service (IRS), the […]
Two executives have been named to lead efforts at expanding stakeholder engagement and advancing diversity, equity, and inclusion (DEI) at the federal insurer of bank deposits, the agency announced Wednesday. The Federal Deposit Insurance Corp. […]
Final rules published by three financial industry regulators on the role of supervisory guidance are slated to take effect March 5 and March 15, according to Federal Register notices published recently. The proposed rule, to […]
While four funds administered by the federal credit union regulator all earned unmodified or “clean” audit opinions for 2020, the agency’s inspector general still outlined a number of 2021 challenges for credit unions that could […]
The founder of a financial technology firm providing services to banks and credit unions is the new – and first – chief innovation officer (CINO) for the federal insurer of bank deposits, ending a more […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info