Regulatory relief for financial institutions serving areas of Maine and Rhode Island affected by severe storms and flooding was announced Tuesday by the federal bank deposit insurer. The Federal Deposit Insurance Corp. (FDIC), in separate […]
Using fairness as an “input” to help guide banks’ compliance risk management programs was advocated by the regulator of national banks in a speech Monday. Speaking to the Consumer Bankers Association in Washington, Acting Comptroller […]
Average loan-loss rates for 2021-2023 and the latest life-of-loan, or weighted average remaining maturity, factors are included in an updated “simplified CECL tool” announced Monday by the federal credit union regulatory agency in an “express” […]
The Office of the Comptroller of the Currency’s (OCC) Minority Depository Institutions Advisory Committee (MDIAC) is slated to meet publicly April 16, the agency announced Monday. The panel advises the OCC on steps the agency […]
Final rules on member expulsion and proposed rules on field of membership and trust accounts are two actions from last year highlighted by the federal credit union regulator in its 2023 annual report, released Monday. […]
A third-party review of the workplace culture for the federal bank deposit insurance agency will be overseen by three non-voting members who were named Friday, the agency announced. Linda Miller, Elizabeth McCaul and Valerie Mosley […]
The three federal banking agencies late Thursday issued a supplemental rule that postpones from April 24, 2024, to Jan. 1, 2026, the applicability date for Community Reinvestment Act (CRA) requirements on facility-based assessment areas and […]
Modifications to terminology related to the current expected credit losses (CECL) accounting methodology are reflected in changes to the Uniform Bank Performance Report (UBPR) filed by banks and credit unions for the first quarter, the […]
A “principles-based” overview of the federal bank deposit insurance agency’s administration of its responsibilities under the Bank Merger Act (BMA) is proposed in a new policy statement issued for comment on a split vote Thursday. […]
Renita Marcellin, most recently with Americans for Financial Reform and previously with JPMorgan Chase, has been appointed senior advisor to National Credit Union Administration (NCUA) Board Member Tanya Otsuka, the NCUA said. Otsuka announced the […]
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