Title: FDIC Official Sign and Advertising Requirements, False Advertising, Misrepresentation of Insured Status, and Misuse of the FDIC’s Name or Logo Subject: Deposit Insurance Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation […]
The Simplified CECL Tool for credit unions – CECL being “current expected credit losses” – has been updated for December 2022 as the effective date for CECL nears for most credit unions. The National Credit […]
Bank Secrecy Act (BSA) reports filed on Russian oligarchs, high-ranking officials, and sanctioned officials over an eight-month period included 454 reports detailing “tens of billions of dollars in suspicious activity” since Russia’s Feb. 24 invasion […]
Instructions for year-end 2022 call reports, due to be filed by Jan. 30, will include updates for accounting for hedging activities, according to a letter issued Thursday by the federal bank deposit insurance agency. The […]
A remittance provider has been ordered to refund fees and pay a penalty after allegedly failing to provide refunds on thousands of transactions, the consumer financial protection agency said Thursday. The order against Servicio UniTeller, […]
The expiration date for guidance on dealing with the demise of a now-defunct reference rate has been extended, to Dec. 31, 2024, by the accounting profession, according to a statement issued Wednesday. The Financial Accounting […]
A new rule establishing settlement times for debits and credits to banks’ Federal Reserve accounts for certain transactions was issued Wednesday by the agency, it said in a release. The Federal Reserve said the rule […]
Household financial health is in decline, with a “rapid deterioration” in financial health for some key groups, according to a new report issued Wednesday by the federal consumer financial protection agency. In its 2022 Making […]
A COVID-19-related bylaw amendment for authorizing virtual-only membership and board meetings by federal credit unions (FCUs) is set to expire Dec. 31, according to a letter from the institutions’ federal regulator. The bylaw was approved […]
A full board, for the first time in years, will be featured at the next meeting of the board for the federal deposit insurance agency now that the Senate has confirmed a chairman and two […]
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