Creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022, a final rule issued Tuesday by the federal consumer financial protection agency states, which includes closed- and open-end credit provisions that […]
Weak loan demand and low net interest margins (NIM) continue to weigh on performance of national banks, their federal regulator said Monday, punctuated by higher operational and compliance risks. In its Semiannual Risk Perspective for […]
Credit unions improved their net worth ratios in the third quarter compared to the previous quarter, and kept their return on aggregate average assets stable, according to call report results released Monday by their federal […]
Signaling the final countdown to the end of the soon-to-be-defunct LIBOR reference rate, fallback recommendations for 1-week and 2-month USD LIBOR contracts using a Federal Reserve-developed alternative were released Friday, designed to meet statutory requirements […]
Reflecting on his four years as a member of the Federal Reserve Board, outgoing Gov. Randal Quarles (and former vice chair for supervision) Thursday outlined areas of “unfinished business” for his successor – including further […]
The future of innovation in banking is the topic a panel of experts will tackle Dec. 8 in a session hosted by the technology laboratory of the federal bank deposit insurance fund, the agency said […]
No inflation adjustment for assessment rates by the national bank regulator will be applied in 2022, the agency announced Wednesday; however, the agency is raising – by $5 – the hourly fee it charges for […]
Loan demand increased across the country in the last six weeks, following the overall “modest to moderate pace” for economic activity, according to the Federal Reserve’s latest compilation of commentary on economic conditions published Wednesday. […]
A regulatory alert on Truth in Lending (Regulation Z) annual threshold adjustments for various loans – which take effect Jan. 1 – was issued Wednesday to credit unions by their federal regulator. The alert from […]
Three of the nation’s largest banks brought in more than two of every five dollars charged in overdraft fees in 2019, while smaller financial institutions – which charged less on average – were also heavily […]
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