Describing its efforts as “extensive new measures to support the economy,” the Federal Reserve early Monday announced at least a half-dozen additional measures to address the “tremendous hardship” caused by the coronavirus pandemic both domestically […]
Voluntary diversity assessments for banks and thrifts are due by May 31, an extended submission deadline, the federal insurer of bank deposits said Monday. In a financial institution letter (FIL-23-2020), the Federal Deposit Insurance Corp. […]
Any automatic limitations on capital distributions that could apply under the Federal Reserve’s “total loss-absorbing capacity” (TLAC) rule would be more gradual under a definition issued as a technical change Monday by the Federal Reserve. […]
Federal and state regulators – in urging financial institutions to work with borrowers on the financial impact of the coronavirus crisis – on Sunday pledged a “hands off” policy for banks, credit unions, and savings […]
To avoid delays during the coronavirus crisis, national banks and federal savings associations are being advised to use electronic methods for submitting licensing filings to their federal regulator, the agency said Friday. The Office of […]
The comment period will be extended on a proposal to require debt collectors to make certain disclosures when attempting to collect on debts that have exceeded the statute of limitations, the federal consumer financial protection […]
Loans secured by high-quality assets purchased from single state and other tax-exempt municipal money market mutual funds will be available to financial institutions under an expansion of the Federal Reserve’s liquidity program announced this week, […]
Certain accounting standards – including those related to current expected credit losses (CECL) – should be either relaxed or postponed due to the financial impact of the coronavirus impact, the board chairman of the federal […]
The federal banking agencies will provide favorable consideration under Community Reinvestment Act (CRA) rules of certain banking services and community development activities by banks related to the coronavirus crisis, the agencies said Thursday. In a […]
Two sets of frequently asked questions (FAQs) – one for financial institutions, one for consumers – about the financial impact of the coronavirus crisis were released Thursday by the federal insurer of bank deposits, including […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info