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 […]
An independent auditor – Moss Adams, LLP – has been engaged to conduct a “full-scope” material loss review (MLR) of the failed Indianapolis’ Newspaper Federal Credit Union, according to a recent inspector general report to […]
The use of stablecoins deserves a look – and issuance should be broader than just that by banks and credit unions, the newest Federal Reserve Board governor indicated in a speech delivered Wednesday. Speaking via […]
There are no differences in accounting standards, and some technical differences among capital standards, among the federal banking agencies, the three regulators said in a report scheduled to be published Thursday in the Federal Register. […]
Monetary policy, inflation, and cyberattacks could heighten risk to the financial system, according to the annual report issued Wednesday by the Treasury office tasked with conducting financial research. The report also raised concerns about risks […]
An inspector general audit of the financial and award data provided to Treasury by the federal credit union regulator earned the agency an “excellent” rating for award-level data in the fourth quarter of 2020, up […]
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