As federal financial institution regulators spoke Tuesday to Senate Banking Committee members in testimony and during questions and answers, many words and terms were thrown about. But one term noticeably was left unsaid: EGRRCPA, as […]
Proposed revisions to call reports (and certain others) resulting from new accounting standards for credit losses are outlined in a new Financial Institution Letter (FIL), the Federal Deposit Insurance Corp. (FDIC) said Tuesday. In issuing […]
Regulators took a forward look in testimony Tuesday about recently enacted regulatory relief legislation, telling a Senate committee where they hope to go in coming weeks and months with their regulatory plans, and what more […]
How the federal insurer of bank deposits can improve communications to insured banks, consumers and others about rules and laws regarding deposit insurance is sought in a comment call included in a “request for information” […]
Facilitating the sharing of member-to-member (MTM) communications when a federally insured credit union is merging with another is addressed in a letter to credit unions (LTCU) published Monday by their federal regulator. The National Credit […]
Changes to the Federal Reserve’s Regulation A reflecting an increase in the rate for primary credit to 2.75% at Federal Reserve Banks will be made under a notice filed for publication in the Federal Register, […]
A text message to a bank branch manager and head teller ultimately led to the uncovering of a fraud of nearly $900,000 from a Tennessee bank, according to a report released Friday by the federal […]
The nomination of Jean Nellie Liang to be the next – and final – member of the Federal Reserve Board was sent to the Senate, the White House said Friday. If confirmed, she would serve […]
Guidelines and rescissions for “prompt corrective action” (PCA) for national banks and federal savings associations have been updated by the institutions’ federal regulator in a bulletin issued Friday – but it does not reflect changes […]
The financial system today is much stronger today than 10 years ago, when the financial crisis began, and in better position to handle needs of both households and businesses – largely through efforts of the […]
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