“Open banking” – the practice of enabling consumer-permissioned sharing of financial data with third parties to empower consumers – is supported by the regulator of national banks, but not at the expense of dissolving banking’s […]
Tighter lending standards amid increased uncertainty and concerns about liquidity were reported by business contacts in several areas around the country, according to the results of the latest survey of business conditions by the Federal […]
Special assessments to recover the estimated $19.2 billion of losses due to uninsured depositors to the federal bank deposit insurance fund resulting from the failures of two banks in March will be proposed through rulemaking […]
The dearth of de novo banks in recent years was blamed, at least in part, for the rise of such developments as “charter-strip” banks, shift to a “shadow banking” system, and “banking as a service,” […]
A revised approach for determining the average prime offer rates (APOR) for purposes of federal mortgage rules was released Friday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), […]
Banks in areas of California and Tennessee affected by storm damage, flooding, tornadoes, mudslides and wind (among other things) are eligible for regulatory relief from the federal bank deposit insurance agency, it announced Thursday. According […]
Legislation enacted in 2018 easing some requirements on bank investment activity had “nothing to do” with the recent failure of a California bank, the vice chairman of the board of the federal bank deposit insurance […]
A determination to maintain financial stability was one of the goals cited by the group of finance ministers of seven democracies and central bank governors meeting Wednesday in Washington. According to the statement issued by […]
Both financial regulators and market participants need access to high-quality financial data, and regulators can do their part by making certain financial data openly available, the acting leader of the Treasury’s financial research arm said […]
Interest-rate risk (IRR) statistics for banks between March 21, 2021 to Dec. 31, 2022, were released Wednesday by the national bank regulator. The report, released by the Office of the Comptroller of the Currency (OCC) […]
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