Allowances for credit losses (and credit itself), cybersecurity, and Bank Secrecy Act/anti-money laundering (BSA/AML)/countering the financing of terrorism (CFT) are among the priorities outlined for supervision in 2025 in a plan released Tuesday by the […]
Debt collectors, which may include third-party “revenue cycle management” companies, violate federal law when they collect on inaccurate or legally invalid medical debts, according to guidance released Tuesday by the federal consumer financial protection agency. […]
Banks in areas of Florida, Georgia, North Carolina, and South Carolina ravaged by high winds and flooding caused by Hurricane Helene were Tuesday offered regulatory relief to help them help their communities recover. The Federal […]
Banks’ evaluation ratings under the federal anti-redlining statute included six “outstanding” and 16 “satisfactory” ratings, the national bank regulator said of the ratings that became public in September. The Office of the Comptroller of the […]
Two former credit union workers have been prohibited by their federal regulator from future service in a federally insured financial institution, the regulator said Monday. The National Credit Union Administration (NCUA) said Monica Jackson, the […]
The group that advises the national bank regulator on mutual savings association issues is slated to meet publicly Oct. 22, the agency said Monday. The Office of the Comptroller of the Currency (OCC) said the […]
Two banks that reportedly are part of Bread Financial Inc. were each assessed their own $1 million civil money penalties (CMPs) by the federal bank deposit insurer over alleged violations of the Federal Trade Commission […]
With all the coverage of the devastating effects of Hurricane Helene over the past 24 hours, it may be easy to forget the impact of an earlier storm – Tropical Storm Debby – for which […]
A requirement that larger banks maintain a minimum amount of readily available liquidity with a pool of reserves and pre-positioned collateral at the discount window, based on a fraction of their uninsured deposits, is being […]
Supporting integrity, efficiency, and resiliency in the use of interest rate benchmarks (reference rates) – such as the now-defunct London Interbank Offered Rate (LIBOR) – across financial markets is the aim of a new committee […]
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