A final rule revising parts of the federal credit union regulator’s rules allowing an option to make television and radio advertising less cumbersome, and making other changes, was approved Thursday by the agency’s board. The […]
A final rule on capital planning and stress testing for large credit unions, giving those institutions more control over the testing action, was approved by the federal regulator of credit unions Thursday. The National Credit […]
Senators voted 51-47 Wednesday to disapprove a rule – adopted five years ago as guidance – outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. The bill now heads to […]
Receivership procedures will end for two banks after nearly eight years, the Federal Deposit Insurance Corp. (FDIC) will announce. The agency noted that the assets of both banking organizations – BC National Banks of Butler, Mo., […]
The Senate was poised Tuesday to disapprove a five-year-old action by the federal consumer financial protection agency outlining indirect auto lenders’ compliance with fair lending requirements, including caps on interest rates. Senators voted along party […]
“The time is ripe” for reforming federal rules mandating bank service to underserved areas, with goals of achieving better outcomes for banks covered by the rules and low- and moderate-income communities, a Federal Reserve governor […]
A proposal to phase in the impact on banks of a new accounting standard for credit losses was approved unanimously for comment by the board of the federal deposit insurer Tuesday, in concert with similar […]
While the Federal Reserve has taken steps to make the current regulatory framework more effective, that framework can still be improved – while continuing to monitor for emerging risks to the financial system, the central […]
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