Final policy guidance describing mortgage lending data that will be disclosed publicly in 2019 – as well as information that will be excluded from disclosure – was announced Friday by the federal consumer financial protection […]
Excluding community banks from the requirements of the Volcker Rule – which generally blocks banks from proprietary trading and owning or sponsoring hedge or private equity funds – was proposed Friday by the three federal […]
The option for financial institutions and firms to phase in over a three-year period the day-one regulatory capital effects of the “current expected credit losses” (CECL) accounting methodology became official today as the three federal […]
A systematic process by the federal consumer financial protection agency for prioritizing risks to consumers could use principles such as assessment of the extent of potential harm to consumers in financial markets, the congressional watchdog […]
A civil money penalty (CMP) of $20,000 and a removal and prohibition for a former Texas banker was one of nine enforcement and termination actions reported Friday for December by the federal regulator of national […]
Comptroller of the Currency Joseph Otting will become the next federal financial regulator to take on more than one role, as the White House Thursday announced he would replace the acting director of the agency that […]
Banking regulators are proposing to raise to $10 billion the major assets prohibition thresholds used to determine restrictions on management official interlocks among depository institutions and depository holding companies, the agencies said Thursday – the […]
Consumers are relying more on their cards, both credit and debit, in making their payments – and debit cards are increasingly becoming their card of choice, a report issued Thursday stated. In its Federal Reserve […]
Monitoring levels of nonfinancial business leverage, and completion of the transition to a new, alternative reference rate, were among four recommendations made by the top-level council of financial regulators in its annual report, issued Wednesday. […]
The Federal Reserve will continue to go about its business and not be distracted by political considerations, the chairman of the central bank’s board said Wednesday in backing the independence of his agency. He also […]
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