Lending activity picked up slightly toward the end of 2021, led by commercial real estate borrowers, the Federal Reserve reported Wednesday in its latest Beige Book. The most recent book, reporting on the last several […]
A set of regulatory relief measures has been deployed by the federal bank deposit insurer for financial institutions in areas of Washington affected by flooding and mudslides in November, according to a Financial Institution Letter […]
Measuring the effectiveness of digital identity proofing – the process used to collect, validate, and verify information about a person – is the aim of a “tech sprint” announced late Tuesday by the federal bank […]
Two more weeks – to Jan. 31 – have been added for credit unions to complete and submit the voluntary Credit Union Diversity Self-Assessment by the federal credit union regulator, the agency said Tuesday. However, […]
Ensuring a strong and resilient financial system, with increased capital and liquidity requirements for large banks, was among the accomplishments cited by the chair of the Federal Reserve in testifying for himself for another term […]
Entities using a “multitude” of fictitious names and websites are purporting to offer banking services in the state of Florida, according to a report circulated in an alert Tuesday by the Office of the Comptroller […]
Referring to it as a “technical rule,” the Federal Reserve late Monday publicly released details of action designed to streamline reporting requirements for member banks related to their subscriptions to reserve bank capital stock. The […]
There will soon be three vacancies on the governing board of the nation’s central bank, as the current vice chair resigned, effective at week’s end, Monday. Citing the fact that his term as Federal Reserve […]
Title: Unsafe and Unsound Banking Practices: Brokered Deposits Subject: Brokered deposits; primary purpose exception Agency: FDIC Status: Notification Summary: The FDIC is identifying an additional business relationship, or “designated exception,” that meets the “primary purpose” […]
A New York-based debt collection company holding group, and its owners and affiliates, face a lawsuit by the federal consumer financial protection agency for placing consumer debt with collection companies that used “unlawful and deceptive […]
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