Financial institutions in American Samoa affected by Tropical Storm Gita have been extended some regulatory relief to facilitate recovery from the storm, the Federal Deposit Insurance Corp. (FDIC) said Monday. In a release, the agency […]
Legislation giving the Federal Reserve sole rulemaking authority for the “Volcker rule” creates efficiency – but it doesn’t eradicate the rule, the chairman of the House committee that reported out the bill said last week. […]
Providing an option to phase in over three years the effects on regulatory capital of the new current expected credit loss (CECL) accounting standard is the aim of a notice of proposed rulemaking issued by […]
Two congressional hearings featuring the top supervisory official of the Federal Reserve, a speech on regulatory reform by another Fed governor, transitioning capital rules to new accounting provisions by the federal deposit insurer, the monthly […]
Two final rules – on capital planning and stress testing; and on advertising and notice of insured status – will be on the agenda for the National Credit Union Administration (NCUA) Board when it meets […]
The statute creating the Consumer Financial Protection Bureau (CFPB) protects it from presidential will, an attorney for the claimant to the top position at the agency told a federal appeals court Wednesday. However, an attorney […]
Limiting the frequency of “stress tests” that measure the ability of banks to withstand economic challenges, and restraining the scope of regulation over non-bank banks, were the focus of two bills passed by the House […]
Further tailoring of leverage ratio requirements to the business activities and risk profiles of the largest domestic firms were proposed by the regulator of national banks and the nation’s central bank Wednesday. Now, firms that […]
A bill giving the Federal Reserve Board sole rulemaking authority over the so-called “Volcker rule,” exempting most “community banks” from the provision, was adopted by the House Friday on a vote of 300-104. The Volcker […]
Significant changes to the structure and mission of the federal consumer financial protection agency recommended by the agency’s acting director in House testimony Wednesday are his and not those of the White House or any […]
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