A bank may transfer a loan without affecting the legally permissible interest term, according to a rule issued Friday by the national regulator of banks, addressing what the regulator called uncertainty created by the Madden […]
The acting chief regulator of national banks apparently opened his tenure in the job Friday by issuing a statement outlining four priorities he said would guide him in his new role – including how banks […]
Nearly a month after they were finalized, a policy statement on credit losses accounting (under the current expected credit losses, or CECL, accounting standard) and guidance on credit risk review systems are both scheduled to […]
On the eve of the Friday departure of the current chief regulator of national banks, the chairman of the board for the federal insurer of bank deposits issued a statement of thanks and best wishes. […]
The federal credit union regulator is continuing its offsite exam and supervision work as a result of the coronavirus crisis but expects to return to issuing examination reports, according to a second letter to credit […]
Designating military personnel as “low-income” credit union members, announced May 7, requires some changes in how the federal credit union regulator counts those members – but that won’t require federally insured credit unions (FICUs) to […]
Fifty-one percent of people who retired between 1992 to 2014 had income, savings, and/or non-housing assets to maintain the same spending level for five consecutive years after retiring – causing them to make large spending […]
Reading the introductory paragraph of the Federal Reserve’s latest Beige Book, released Wednesday, is like perusing an after-contest report from a football game that went bad nearly all the way around. The Beige Book (an informal […]
Questions, and answers, about the interaction between anti-redlining laws and the impact of the coronavirus crisis were published Tuesday by the federal regulator national banks. In what it called “interagency frequently asked questions” (FAQs), the […]
The new community bank leverage ratio’s (CBLR) framework – including eligibility, capital stringency, and potential impact on system-wide capital levels under a hypothetical adverse scenario – is outlined in a new staff study published by […]
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