Mortgage performance improved at national banks by the end of the third quarter – but foreclosures at the financial institutions jumped by more than 150%, according to results released Friday by the national bank regulator. […]
Supervisory expectations for large banks’ counterparty credit risk management and margin practices – considering the default and failure of the leveraged fund Archegos Capital Management – were reiterated Friday by the Federal Reserve Board in […]
After another federal agency found that an examination of a bank by the federal insurer of bank deposits completely missed that the bank charged impermissible fees to loan applicants, an inspector general’s report was issued […]
Reform of bank overdraft programs holds the promise of achieving the goal of improving people’s financial health, the acting head of the national bank regulator said Wednesday, adding that his agency has identified attributes of […]
Asserting that it found “wide-ranging violations of law in 2021,” the federal consumer financial protection agency Wednesday issued a report that claimed “irresponsible or mismanaged firms” harmed Americans during the coronavirus crisis. In a release, […]
The 2022 operating budget and an update on the restoration plan for the deposit insurance fund (DIF) are on the discussion agenda for the board of the federal bank deposit insurance agency when it meets […]
Saule T. Omarova — the nominee for a permanent appointment as comptroller of the currency – has withdrawn her name from consideration, the White House said Tuesday. President Joe Biden (D) accepted the withdrawal. Omarova […]
Lauren Oppenheimer is the chief of staff to the leader of the national bank regulator, the agency said Tuesday, advancing after joining the staff just six months ago. According to the Office of the Comptroller […]
Real estate buyers using cash to purchase residential or commercial properties would be subject to new reporting requirements aimed at spoiling money laundering schemes under a new proposal being explored by the Treasury’s financial crimes […]
Appeals of material supervisory determinations are now being considered by the new office of supervisory appeals for the federal insurer of bank deposits, the agency said Monday, adding the new group will enhance its independence. […]
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