Reported trading revenue of U.S. commercial banks and savings associations totaled $6.3 billion in the fourth quarter of 2020, down $588 million, or 8.5%, from the previous quarter, the Office of the Comptroller of the […]
Credit unions were urged to protect their members’ stimulus payments – and by extension, the reputation of their industry – under the recently enacted, $1.9 trillion American Rescue Plan from collection, garnishment, and the right […]
Two new committees will focus on the impact of climate change on financial stability, a Federal Reserve Board governor said Tuesday, as the agency finds it “increasingly clear” that climate change could have “important implications” […]
The 12 Federal Reserve Banks earned some $88.6 billion in 2020, up $33.1 billion from 2019 and helped by a $27.1 billion decrease in expense for interest paid on depository institution reserve balances, the Federal […]
An annual report to Congress by the federal agency charged with consumer financial protection shows that the agency received some 82,700 complaints about first-party and third-party debt collection in 2020, an increase of about 10% […]
“There is no scenario” in which a popular interest rate reference tool, scheduled to be phased out beginning at the start of next year, will continue past June 2023, “and nobody should expect it to,” […]
Progress away from use of a popular interest rate reference tool will need to “materially accelerate” for the market to be adequately prepared to use a new reference tool, according to a report issued Monday […]
The Minority Depository Institutions Advisory Committee (MDIAC) for the Office of the Comptroller of the Currency (OCC) is scheduled to hold a public meeting April 13 via webinar, according to a notice for the Federal […]
Title: Regulatory Capital Rule: Emergency Capital Investment Program Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: In order to support and facilitate the timely implementation and acceptance of the Congressionally authorized […]
An interim final rule to support a Treasury program making capital investments in minority depository institutions (MDIs) and community development financial institutions (CDFIs) is slated to publish in the Federal Register and to go into effect […]
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