Thirty-six large banks with more than 2 million deposit accounts each will receive some relief from recordkeeping under one of two proposals issued for comment by the federal insurer of bank deposits Friday. The Federal […]
Fintech, nonbank financial intermediation, and evaluation of “too-big-to-fail” reforms are all on the list of “must dos” for the international body of regulators responsible for financial stability in countries across the globe, the Federal Reserve’s […]
Legislation intended to clarify that credit unions and other financial institutions may provide banking services to legal cannabis-related businesses was passed by a House panel Thursday on an overwhelming vote; the bill now heads to […]
Both of the federal insurance funds for deposits and savings in banks, thrifts and credit unions are outlined in a new report from the congressional watchdog about federal insurance programs overall – but the report […]
A reform plan for the housing finance system will begin with the “relevant agencies” developing a plan to end the conservatorship of government-sponsored enterprises (GSEs) and promoting competition that “encourages sustainable homeownership and protects taxpayers […]
Interagency examination procedures for changes in Truth in Lending Act (TILA, Regulation Z) and Electronic Funds Transfer Act (EFTA, Regulation E) requirements related to prepaid accounts, and that go into effect April 1, are addressed […]
Congress should consider giving the Federal Trade Commission (FTC) civil penalty authority to enforce the Gramm-Leach-Bliley Act’s (GLBA) safeguarding provisions for information gathered by consumer reporting agencies (CRAs), the Government Accountability Office (GAO) stated in […]
More information about a more than $160 million dividend distribution to credit unions from the federal insurer of credit union savings – to be paid in the second quarter of the year (which starts next […]
Seven areas of compliance – including those regarding the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) – are included in the updated Compliance Examination Manual (CEM) released by the federal insurer […]
A former general counsel of a New Orleans bank was charged with conspiracy to defraud the financial institution he once worked for, and which failed, the Department of Justice and the Federal Deposit Insurance Corp. […]
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