Updates to four sections of the Bank Secrecy Act/anti-money laundering (BSA/AML) examination manual for financial institution examiners were announced Monday by the federal financial institution regulators’ umbrella examination council. The manual, published by the Federal […]
The three federal banking agencies were closed Friday, they announced in separate releases Thursday, in observance of the new federal Juneteenth National Independence Day holiday signed into law Thursday by President Joe Biden (D). The […]
Final rules on the current expected credit loss methodology and capitalization of interest, and action on the federal credit union (FCU) loan interest rate ceiling, are on the agenda for the June 24 open meeting […]
New delinquencies for auto loans and credit cards began to rise somewhat in the second half of 2020 but remained at or below pre-pandemic levels as of March 2021, the consumer financial protection agency said […]
The relationship between interest rates and net interest margin (NIM) has been much less pronounced recently for banks with high concentrations of longer-term assets, according to a report issued Thursday by the Federal Deposit Insurance […]
Financial firms resulting from a merger will be limited to no more than approximately $2.1787 trillion in total consolidated assets under a revised financial sector liability measurement announced by the central bank that applies over […]
Data on mortgage lending transactions during 2020 at 4,475 U.S. financial institutions, collected and reported under the Home Mortgage Disclosure Act (HMDA), is available now, the umbrella Federal Financial Institutions Examination Council (FFIEC) said Thursday. […]
Military Lending Act-related examinations will now resume by the federal consumer financial protection agency, it said Wednesday, asserting that the prior administration’s reasoning for discontinuing the reviews were not found persuasive. In a release, the […]
Holding banks accountable to solve bias in appraisals is necessary but not sufficient, the acting head of the national regulator of banks said Tuesday. However, he added, the agency does expect banks to ensure their […]
Helping unbanked individuals and households come into the banking system with expanded capabilities through new technologies and techniques is the target of a “tech sprint” announced Wednesday by the federal insurer of bank deposits. According […]
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