“Open banking” – the practice of enabling consumer-permissioned sharing of financial data with third parties to empower consumers – is supported by the regulator of national banks, but not at the expense of dissolving banking’s […]
Tighter lending standards amid increased uncertainty and concerns about liquidity were reported by business contacts in several areas around the country, according to the results of the latest survey of business conditions by the Federal […]
Special assessments to recover the estimated $19.2 billion of losses due to uninsured depositors to the federal bank deposit insurance fund resulting from the failures of two banks in March will be proposed through rulemaking […]
Whatever may be the outcome, it’s important for the Federal Reserve to be engaged in ongoing discussions around central bank digital currencies (CBDCs), the Fed Board’s community bank representative said Tuesday in Washington. “[A]s the […]
An hour-long webinar on a simplified tool to help small credit unions implement the current-expected-credit-losses (CECL) accounting standard is slated for May 3 and open for registration now, the National Credit Union Administration (NCUA) said […]
Briefings on cybersecurity and the federal credit union (FCU) loan-rate ceiling bookend the one action item slated for Thursday’s open meeting of the federal credit union regulator’s board: a request for information and comment on […]
The dearth of de novo banks in recent years was blamed, at least in part, for the rise of such developments as “charter-strip” banks, shift to a “shadow banking” system, and “banking as a service,” […]
A revised approach for determining the average prime offer rates (APOR) for purposes of federal mortgage rules was released Friday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), […]
A guide from federal regulators for financial institutions’ Home Mortgage Disclosure Act (HMDA) that will be required to report 2023 home mortgage data in 2024 is available now online. “A Guide to HMDA Reporting: Getting […]
Banks in areas of California and Tennessee affected by storm damage, flooding, tornadoes, mudslides and wind (among other things) are eligible for regulatory relief from the federal bank deposit insurance agency, it announced Thursday. According […]
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