Spending of $394.5 million in 2024 is being proposed by the federal credit union regulator, an increase of 9.5% from the previous year, the agency said Thursday. The National Credit Union Administration (NCUA) also announced […]
Credit card companies charged consumers more than $105 billion in interst and more than $25 billion in fees in 2022, with late fees described in a report released Thursday as the “most significant” fee assessed […]
Title: Simplification of Share Insurance Rules Subject: Share insurance; trust accounts, MSAs Agency: NCUA Status: Proposed rule Summary: The NCUA Board (Board) is seeking comment on proposed amendments to its regulations governing share insurance coverage. […]
The maximum interchange fee that a large debit card issuer can receive for a debit card transaction would be lowered under a proposal issued by the Federal Reserve Board Wednesday. The proposal would also establish […]
Principles intended to provide a “high-level framework for the safe and sound management of exposures to climate-related financial risks” for banks with $100 billion or more in assets were finalized by the federal banking agencies […]
This story updated to include link to Federal Register notice of final rule. Revisions to rules implementing anti-redlining laws that are designed to “strengthen and modernize” the regulations to “better achieve the purposes of the […]
Credit unions should begin decreasing overdraft fees – or drop them altogether — the top federal regulator of the institutions said in a speech late Tuesday. In remarks to a credit union group meeting in […]
Missed opportunities to downgrade a troubled bank’s exam ratings and inconsistency in performing timely supervisory activities by the federal insurer of bank deposits contributed to a “material loss” to the insurance fund from the failure […]
The impacts of persistent inflation, and potential large losses in real estate – both commercial and residential – are the two, top “salient risks” to financial stability most frequently cited by financial experts in a […]
Public comments on a recent proposed rule designating the mixing of convertible virtual currency as a class of transactions of primary money laundering concern are due to Treasury’s financial crimes enforcement unit by Jan. 22, […]
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