A 35-year veteran of the federal insurer of bank deposits will lead the agency’s Chicago region, the agency said Friday. Gregory P. Bottone was appointed regional director of the Federal Deposit Insurance Corp.’s (FDIC) Chicago […]
Clarification about the “rapid phased prototyping (RPP) initiative” for banks and other federally insured institutions – a program designed to help accelerate the adoption of new technological solutions – is outlined in a letter issued […]
Temporary and additional restrictions on bank holding company dividends and share repurchases now in place will end for most firms after June 30, after completion of the current round of stress tests, the Federal Reserve […]
The hardwired fallback language for syndicated and bilateral business loans that reference U.S. dollar (USD) London Interbank Offered Rate (LIBOR) has been supplemented by the Federal Reserve committee for establishing alternative reference rates, the committee […]
An April 14 webinar on compliance with anti-money laundering laws and regulations affecting credit unions has been scheduled by their federal regulator, the agency said Thursday. The event, the National Credit Union Administration (NCUA) said, […]
A group developing an alternative interest rate reference tool “will not be in a position” to recommend a forward-looking rate by the middle of this year, the group said Tuesday, adding it also encourages market […]
More than a half million complaints – up 54% from the previous year – were fielded in 2020 by the federal consumer financial protection agency, which reflects the financial impact of the coronavirus crisis, the […]
Two new committees will focus on the impact of climate change on financial stability, a Federal Reserve Board governor said Tuesday, as the agency finds it “increasingly clear” that climate change could have “important implications” […]
“There is no scenario” in which a popular interest rate reference tool, scheduled to be phased out beginning at the start of next year, will continue past June 2023, “and nobody should expect it to,” […]
Progress away from use of a popular interest rate reference tool will need to “materially accelerate” for the market to be adequately prepared to use a new reference tool, according to a report issued Monday […]
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