A joint regulators’ statement that suggested actions banks and nonbanks alike should consider taking to ensure safe-and-sound practices during the transition away from the LIBOR reference rate was joined Thursday by the federal consumer financial […]
“FedNow” – the Federal Reserve’s much-anticipated (and delayed) round the clock payment system – will be ready “sooner rather than later,” a key Fed bank president told a bankers’ group Tuesday, reiterating a 2023 debut. […]
The importance of maintaining trust in the banking system during the transition from the soon-defunct LIBOR to replacement rates at year’s end will be the topic for the top regulator of national banks when he […]
Use of cloud-based email services is proving to be a target for cybercriminals, and credit unions need to take steps to thwart any exploitation and take preventative steps, the federal credit union regulator said Tuesday. […]
Non-bank financial intermediation remains at the top of the supervision priority list for international banking regulators because of the urgency to address vulnerabilities, the chairman of the group said Monday. In remarks to the third […]
An updated self-assessment tool to aid banks in their transition from a soon-to-be-defunct reference rate was published Monday by the national bank regulator. In its Bulletin 2021-46, the Office of the Comptroller of the Currency […]
Strategic and operational planning to ensure banks maintain stable financial positions is at the top of the strategies of the 2022 operating plan for the regulator of national banks, release Friday. According to the Office […]
Arguing that a consumer reporting agency is subject to requirements of the Fair Credit Reporting Act (FCRA), the federal consumer financial protection agency has joined the state of North Carolina and the Federal Trade Commission […]
Finalizing a proposed – and contentious – rule on expanded lending and services provided by federal credit union (FCU) credit union service organizations (CUSOs) highlights the scheduled agenda for next week’s meeting of the federal […]
Slowing the use of U.S. dollar LIBOR – a reference rate for derivative contracts and some loan interest rates – should begin now to foster a smooth, complete end to the rate’s overall use, a […]
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