Tighter standards and weaker demand were reported by bankers for both commercial and consumer loans over the course of the second quarter, the Federal Reserve said in a report Monday. And it looks to bankers […]
Financial stability risks related to nonbank mortgage servicers was among the briefings the top federal financial institution regulators Friday, according to a readout of the regulators’ meeting released by the Treasury Department. In its monthly […]
Joint analysis of financial-stability risks is the aim of a database for federal financial institution regulators that was unveiled Friday by Treasury’s financial research arm. The first focus of the database: climate-related financial risk, according […]
For the second straight year, large bank capital requirements will remain unchanged at 4.5% effective Oct. 1, the Federal Reserve said Thursday. Also Thursday, the Fed released corrected stress test results for two large banks, […]
Consumer financial protection is a core component of credit union regulation, the board chairman of the federal agency that oversees the institutions said Thursday, and is not at odds with regulation meant to ensure safety […]
The banking system is sound and resilient, the interest-rate setting committee of the Federal Reserve Board said Wednesday following action by the panel to raise interest rates by 25 basis points, citing inflation risks – […]
Auto lenders are singled out for unfair, deceptive, and abusive acts or practices (UDAAP) by the federal consumer financial protection agency in a report issued Wednesday. In releasing the latest version of its Supervisory Highlights, […]
A $15 million civil money penalty (CMP) was assessed against a bank owned by one of the nation’s largest credit card companies, the regulator of national banks announced Tuesday. The fine, assessed in a consent […]
Regulators cannot tolerate corporate actors using opaque artificial intelligence (AI) fed by inaccurate information to deny or gouge tenants on rental housing, the director of the federal consumer financial protection agency said Tuesday. In remarks […]
No comprehensive regulatory authority exists over the spot market for crypto assets that are not securities, and there are gaps in the regulatory oversight of stablecoins, according to a report issued Monday by the congressional […]
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