Jerome Powell and Lael Brainard’s remarks upon being designated the president’s nominees for Federal Reserve chair and vice chair highlighted numerous priorities ahead that include, among others, reining in inflation. “We know that high inflation […]
Referring to “decisive action” taken by his respective nominees to be chair and vice chair of the Federal Reserve Board, President Joe Biden (D) Monday said both Jerome H. (“Jay”) Powell and Lael Brainard had […]
The importance of including the reporting of known or suspected environmental crime as part of a financial institution’s compliance with the Bank Secrecy Act (BSA) was highlighted Thursday in a notice by Treasury’s Financial Crimes […]
Concerned that some former agency employees are exploiting confidential information to make money, the director of the federal consumer financial protection issued guidance Friday calling on current workers to report suspicious activity. In a blog […]
A final rule on requiring banks’ notification to federal regulators of certain cyber incidents with potentially systemic impacts was approved jointly Thursday by federal banking agencies. The rule is set to take effect April 1, […]
Guaranteeing a fair and competitive market where small and mid-size banks that invest in their neighbors’ homes and small businesses can thrive, and where every community has access to safe and affordable financial services, are […]
A database debt collectors can tap to help ensure the data they use for communications with consumers passes a regulatory smell test has been published by the Federal Communications Commission, according to an email notice […]
A final rule that eliminates the requirement that a multiple-common-bond federal credit union (FCU) have an ownership interest in a shared “service facility” for a new group or underserved area was approved unanimously Thursday by […]
A $345.3 million 2022 proposed budget was posted Wednesday by the federal credit union regulator; a public briefing is set for Dec. 8, the agency said. According to the National Credit Union Administration (NCUA), the […]
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