Engaging in research and experimentation with new technologies – such as a U.S. central bank digital currency (CBDC) – and “consulting closely with public and private sector partners” are both parts of the Federal Reserve’s […]
Readiness for crises, cybersecurity for banks and third-party service providers, and support for underserved communities in banking are the three top challenges for the federal deposit insurance agency, according to report issued Thursday by its […]
A “pipeline” of new loans and securitizations reflects a shift away from a now-defunct interest reference rate toward a replacement rate, according to a group that helped set up and introduce the replacement. In a […]
Seven credit unions failed in 2021, costing the federal credit union savings insurance fund more than $5 million, the agency that oversees the fund said Wednesday. While the seven failures were the most in three […]
Credit unions with $15 billion and more in assets would be subject to supervision by a special office of their federal regulator that supervises large federally insured credit unions (FICUs) under a proposal issued Thursday […]
The appraisal subcommittee of the umbrella group for federal financial regulators will meet Feb. 23 to discuss its budget and the seven-hour update course on professional standards for appraisers, the group said Wednesday. The meeting […]
Direct public petitions for rulemaking, or changes to rules, will now be part of the federal consumer financial protection agency’s regulatory process, the agency announced Wednesday, along with more transparency for former federal employees and […]
“Clean” audit opinions were given to four funds operated by the federal credit union regulator, the agency said Tuesday. The unmodified audited financial statements are for the four funds run by the National Credit Union […]
Five Federal Reserve Board nominees received “yes” votes Wednesday for a recommendation to the Senate for confirmation from all 12 Democratic members of the Senate Banking Committee – but none of the 12 Republicans on […]
Government contractors that illegally harvest fees from government benefits provided through prepaid cards will face enforcement actions, the federal consumer financial protection agency said Tuesday in issuing a compliance bulletin. In a release, the Consumer […]
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