Supporting integrity, efficiency, and resiliency in the use of interest rate benchmarks (reference rates) – such as the now-defunct London Interbank Offered Rate (LIBOR) – across financial markets is the aim of a new committee […]
Nasty weather in the northeast, the Midwest and the southeast – particularly the effects of an approaching hurricane – have prompted federal banking regulators to offer regulatory relief to institutions in those areas, the agencies […]
“Improvements are needed” to monitor and respond to conflicts of interest in the acquisitions process of the federal insurer of bank deposits, the agency’s office of inspector general said in a report released Tuesday. In […]
Applications to become a recognized standard setter under the Personal Financial Data Rights (PFDR) rule of the Consumer Financial Protection Bureau (CFPB) will be accepted through a webpage introduced Tuesday, the agency said. Under a […]
Difficulties in getting help from student loan servicers and transcript withholding by colleges and universities to collect a debt or disputed fees are among the financial challenges being faced by servicemembers, the federal consumer financial […]
Overseeing a “wide range of administrative services” in support of the federal insurer of bank deposits’ business activities will be the focus of a new administrator at the agency, it said Tuesday. Jennifer Schoen was […]
A tool credit unions may use in addressing current expected credit losses (CECL) accounting standards has been updated to provide “life-of-loan” factors, the federal regulator said Monday. The Simplified CECL Tool, the National Credit Union […]
Deposit totals for each of the more than 76,000 domestic offices operated by more than 4,500 FDIC-insured banks are included in the results of the 2024 survey of branch office deposits, the federal insurer of […]
Providing consumers with clearer information about the types of questions that may be better handled by their remittance company before contacting regulators is the aim of a proposed rule issued Friday by the federal consumer […]
Updated September 30, 2024 Final rules on fair hiring and simplification of federal share insurance for trust accounts were approved by the federal credit union regulator board at its meeting Thursday. Incorporated its Second Chance […]
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