Vulnerabilities remain low in credit markets targeted by 13 emergency lending programs set up by the Federal Reserve three years ago in response to the coronavirus crisis, although some uncertainties still exist, according to a […]
Tanya Otsuka was confirmed Wednesday to a six-year term on the National Credit Union Administration (NCUA) Board by voice vote of the full Senate. Otsuka, a Democrat, will have an NCUA Board term lasting through […]
The asset-size exemption thresholds for financial institutions required to collect Home Mortgage Disclosure Act (HMDA) data and, separately, to establish escrow accounts for higher-priced mortgage loans will rise in 2024, according to Federal Register notices […]
One recommendation – that the federal agency that insures bank deposits establish program-level goals, metrics, and indicators related to the agency’s authority to examine banks’ regional service providers – is provided in an agency inspector […]
No changes are necessary to Bank Secrecy Act/anti–money laundering (AML/BSA) compliance programs designed to follow the 2016 Customer Due Diligence (CDD) rule because of the Jan. 1 effective date for the new beneficial ownership information […]
A new sign of federal bank deposit insurance coverage for digital display purposes was approved for industry use late Wednesday by the board of insurance agency late Wednesday. The new sign is intended to be […]
The “latest life-of-loan,” or “Weighted Average Remaining Maturity,” and other enhancements are included in the updated tool to help credit unions comply with accounting rules designed to improve recognition of credit losses on loans and […]
Comments are due Feb. 20 on the “overhead transfer rate” (OTR) methodology proposed by the federal credit union regulator at its meeting last month, the agency said Thursday. The OTR is the rate at which […]
An operating budget for 2024 of nearly $3 billion – down 6.3% from the previous year – was approved by the board of the federal bank deposit insurance agency late Wednesday, the agency said. According […]
Data on smallbusiness, small farm, and community development lending during 2022 was released Wednesday by the federal banking regulators, part of their annual obligation under federal anti-redlining laws. According to the fact sheet released by […]
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