A final rule on stricter capital requirements (implementing the so-called “Basel III endgame”) will reflect “broad support” on the Federal Reserve Board, the agency’s chair said Wednesday. During a press conference following the announcement of […]
A “fast facts” sheet on a proposal to give consumers ostensibly have control over data about their financial lives and aimed at giving consumers new protections against companies misusing their data was issued Wednesday by […]
A former worker at an Upper Marlboro, Md., credit union was prohibited as a result of debit card fraud from future service at a federally insured bank or credit union in October, the federal regulator […]
Stablecoins – described as a form of private money when pegged to a government-issued currency – need to be regulated, the Federal Reserve’s top supervisor said Friday as he reiterated that the agency has made […]
Two new members will join the economic inclusion advisory committee to the federal bank deposit insurance agency when the panel meets next week, the agency said Friday. In a release, the Federal Deposit Insurance Corp. […]
How quickly consumers and businesses demand instant payments will govern the success of the Federal Reserve’s new instant payment system, a member of the agency’s board indicated Thursday. Fed Gov. Christopher Waller, speaking to the […]
Spending of $394.5 million in 2024 is being proposed by the federal credit union regulator, an increase of 9.5% from the previous year, the agency said Thursday. The National Credit Union Administration (NCUA) also announced […]
The maximum interchange fee that a large debit card issuer can receive for a debit card transaction would be lowered under a proposal issued by the Federal Reserve Board Wednesday. The proposal would also establish […]
Principles intended to provide a “high-level framework for the safe and sound management of exposures to climate-related financial risks” for banks with $100 billion or more in assets were finalized by the federal banking agencies […]
This story updated to include link to Federal Register notice of final rule. Revisions to rules implementing anti-redlining laws that are designed to “strengthen and modernize” the regulations to “better achieve the purposes of the […]
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