Three top staff member appointments were announced Tuesday by the Federal Deposit Insurance Corp. (FDIC), including a replacement for the departing general counsel of the agency. Nick Podsiadly will become general counsel of the deposit […]
A federal judge last week left in place a stay on the Aug. 19 effective date of the payday lending regulations now in place, an asterisk to the proposed changes issued in February by the […]
The share of current, performing mortgages improved slightly at national banks and federal thrifts in the fourth quarter of last year (compared to the year before), reaching 95.8%, their federal regulator said last week. The […]
A webinar on the new current expected credit loss (CECL) accounting standard that will cover “significant differences” credit unions and other financial institutions should expect once the standard takes full effect is set for April […]
The 2019 edition of the Home Mortgage Disclosure Act (HMDA) guide – reflecting amendments made to the law by last year’s regulatory relief legislation, and the interpretive and procedural rule issued by the Consumer Financial […]
Federal banking and credit union regulators – along with state supervisory authorities – will provide “appropriate regulatory assistance” to financial institutions they oversee that are affected by the massive flooding in the upper Midwest, the […]
A new system of record keeping meant to fulfill the agency’s obligations under federal privacy statutes is up for comment by the federal credit union regulators; a notice is set to be published Tuesday in […]
Federal Reserve banks saw their earnings drop by nearly 22% in 2018 – or $17.6 billion — from the previous year, to $63.1 billion, the central bank reported Friday. In the Federal Reserve System’s annual […]
About 10,000 website views per week of publicly available, previously unpublished information – and 50,000 unique visitors to the site – are signs that the federal bank deposit insurer’s program for greater transparency is having an […]
Interchange fees across all debit and general-use prepaid cards (exempt and covered) totaled $20.73 billion in 2017, an increase of 5.9% since 2016, the Federal Reserve said Thursday. In its report, 2017 Interchange Fee Revenue, Covered […]
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