Credit unions are being warned to take action against a vulnerability in a popular file transfer application among financial institutions known as “MOVEit,” their federal regulator said Friday. According to the National Credit Union Administration […]
Annual bank stress tests results – which featured a scenario of a global recession with heightened stress in commercial and residential real estate markets – will be released June 28 at 4:30 p.m. ET, the […]
A new market practice – zero-dollar request for payment (RFP) – has been defined to support the launch slated next month of the Federal Reserve’s instant-payments FedNow Service, according to a blog post Thursday on […]
A $15 million civil money penalty (CMP) was assessed against a large San Francisco bank early last month for engaging in deceptive practices before it merged out of business, the regulator of national banks revealed […]
Trading revenue was up $8 billion to $17.6 billion in the first quarter of the year for banks and savings associations from the fourth quarter of 2022, the regulator of national banks said Thursday, representing […]
“The U.S. banking system is sound and resilient,” the Federal Reserve’s rate-setting committee said Wednesday, pointing to that fact (among others) to make no changes to interest rates, at least for now. Additionally, the leader […]
A hearing on the president’s nominations of three individuals to Federal Reserve Board terms is scheduled for next Wednesday by the Senate Banking Committee, chaired by Sen. Sherrod Brown (D-Ohio). The Senate on May 15 […]
Operational and compliance risks are elevated at the nation’s banks, and credit risk – while moderate – shows signs of increasing stress, according to a report issued Wednesday by the regulator of national banks. In […]
Capital and liquidity, cybersecurity, consumer financial protection, and inclusion will be the priorities for the federal credit union regulator in the years ahead, the chairman of the agency’s board said Tuesday. Speaking to a conference […]
Federal banking agencies have adopted some of the revisions proposed in February to the call report filed by federally supervised banking organizations but will make those effective as of the Sept. 30, 2023, report date […]
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