Leadership
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The Fed
Rule restricts terms on qualified financial contracts for ‘systemically important’ banking organizations
Any U.S. top-tier bank holding company identified as a global systemically important banking organization (GSIB), and some of its subsidiaries, as well as U.S. operations of some foreign GSIBs, would be subject to restrictions on […]
OCC
Proposal aligns banks’ securities sales cycle with broader industry
Reducing the standard settlement cycle for securities purchased or sold by national banks and other financial institutions to two days, instead of three, has been proposed by the OCC and the FDIC in a joint […]
CFPB
THIS WEEK (Sept. 11): CFPB comments due, hearing on Fed regulation/monetary policy roles
Comments about an extension of time to collect information about the small business lending market are due Thursday (Sept. 14) to the CFPB. In May, the bureau issued a request for information about small business […]
NCUA
‘Irma’ impedes House vote on NCUA budget oversight bill
A decision on whether the NCUA budget will be subject to the congressional appropriations process will have to wait at least one more day as the House has delayed votes to Tuesday evening, due to […]
OCC
Comptroller, Fed supervision leader recommended for confirmation
Nominations for Comptroller of the Currency and Federal Reserve vice chairman for supervision were recommended for confirmation to the full Senate Thursday by the Senate Banking Committee on split votes. The committee recommended, 13-10, that […]
The Fed
Fischer to leave FRB in October
Stanley Fischer, vice chairman of the Federal Reserve Board of Governors, has resigned effective Oct. 13, the central bank announced Wednesday. He joined the board in May 2014; his term was scheduled to end in […]
FDIC
Agencies update CECL ‘frequently asked questions’
The new “current expected credit loss” (CECL) accounting standard is addressed in updated “frequently asked questions” (FAQs) issued by federal financial institution regulatory agencies, focusing on the methodology for estimating credit loss allowances and related […]
The Fed
Fed wants to continue pre-paid card usage surveys
Surveys about usage of pre-paid card usage would be continued under a proposal by the Federal Reserve, to be published Thursday. Under the proposal, both the mandatory and voluntary versions of the “Government-Administered, General-Use Prepaid […]
CFPB
Bureau seeks comments again on student loan servicing metrics
Comments on CFPB quarterly data collection on aggregated student loan servicing metrics and borrower outcomes from student loan servicers are due Oct. 10, under a notice published Wednesday in the Federal Register. The bureau, in […]