Leveraging her “hands-on experience” as a banker, state bank regulator and a Federal Reserve Board member “to address the challenges ahead” is the pledge of Michelle W. Bowman if she wins confirmation as vice chair […]
An inspector general report on the federal credit union regulator’s liquidity facility for credit unions suggests that the regulator determine whether to seek to extend the due date for member credit unions’ annual stock adjustment […]
“Conditional approval” for a financial technology (fintech) company to change the business model of an Illinois bank — after the firm completes its purchase of the bank – was approved by the national bank regulator, […]
A decision to rescind a requirement that credit unions publicly disclose the fees they charge for overdrafts has caused a rift along partisan lines among members of the three-person board that oversees the federal credit […]
Public comments on a bank regulator’s proposal to rescind its September 2024 bank merger policy statement, and reinstate its prior policy statement on an interim basis, are due April 10, according to a notice in […]
A Southfield, Mich., bank that was the focus from 2022-24 of numerous enforcement actions, including prohibitions of employees associated with a risky loan program, will be acquired by a Florida banking company, the Federal Reserve […]
The first meeting of the financial stability oversight group chaired by the new Treasury secretary will be held March 20, the agency announced late Thursday. According to the agency, Treasury Secretary Scott Bessent will preside […]
Virtual office hours focusing on technology and innovation – particularly about such topics as cryptocurrency and relationships between banks and financial technology companies (fintechs) — are set for May 6-8 by the national bank regulator, […]
Treasury’s financial crimes enforcement arm on Tuesday issued a geographic targeting order (GTO) that ramps up currency transaction report (CTR) filing requirements, setting a $200 threshold, for money services businesses (MSBs) along portions of the […]
Delinquencies at credit unions in 2024 rose by 15 basis points (bp), to 0.98% of loans, compared to the previous year, their federal regulator said Tuesday in releasing year-end financial performance statistics. National Credit Union […]
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