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 […]
Revisions to the framework governing banking antitrust analysis should be considered to better reflect competition smaller banks face, a member of the Federal Reserve Board said Tuesday. In a prerecorded video shown at the American […]
Prosecution of fraud cases related to Paycheck Protection Program (PPP) loans continues to be the focus of law enforcement, with federal authorities recently reporting guilty pleas in a $10 million deception, and in a fraud […]
The Federal Reserve on Friday released hypothetical scenarios for 2021 bank stress tests under the Dodd-Frank Act, noting that stress tests are required of 19 large banks, with 14 others given until April 5 to […]
Economic and financial market scenarios for use in upcoming stress tests for covered institutions were released Friday by the regulator of national banks. The Federal Reserve issued its own set of scenarios the same day. […]
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