“Perfection” in adopting current expected credit loss (CECL) requirements at the start of the new year is not expected, the regulator of national banks said Monday, adding that small institutions don’t need big models or […]
Providing a “unique window” in the non-centrally cleared bilateral repurchase agreement (repo) market is the aim of a pilot project sponsored by the Treasury’s Office of Financial Research (OFR), the agency said in a release […]
Large banking organizations with more than $100 billion in assets are the focus of a set of principles proposed by the Federal Reserve Friday that address the physical and transition risks associated with climate change, […]
A total of 177 banks are scheduled to receive Community Reinvestment Act (CRA) evaluations by the Office of the Comptroller of the Currency (OCC) during the first and second quarters of 2023, according to the […]
Bank lending saw modest, further declines in November amid increasingly weak demand and tightening credit standards, according to the latest report of economic activity from the Federal Reserve issued Wednesday. The latest Beige Book from […]
Five of the 52 banks receiving their Community Reinvestment Act (CRA) ratings this September were found to be “outstanding” for their compliance with the anti-redlining statute, according to results released Friday by the Federal Deposit […]
Expanded access to collateralized intraday credit – to provide greater clarity to banks, streamline administrative requirements, and support the launch next year of the new FedNow service – are the aims of Federal Reserve updates […]
The Federal Reserve is continuing its “holistic” review of bank capital requirements, but some early indications offered in a speech Thursday by the agency’s top regulator are that no proposals for relaxed capital requirements are […]
The latest update for reporting anti-redlining lending data is now available, the umbrella group for federal financial institution regulators said Thursday. According to the Federal Financial Institutions Examination Council (FFIEC), version 2022 of the data […]
The November updates to portions of its Consumer Compliance Examination Manual (CEM) were announced Thursday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC) said the CEM provides supervisory information regarding consumer […]
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