A former regulator of credit unions in Kentucky will lead the federal regulator’s efforts in developing agency policy for dealing with financial technology (fintech) firms, the federal agency said Tuesday. Charles Vice, formerly the commissioner […]
Considerations for the nationwide consumer reporting companies to improve compliance with consumer financial protection laws and, ostensibly, to serve consumers better, is the asserted aim of annual report issued Tuesday by the federal consumer financial […]
Compliance examination updates for the complex bank supervision program, and edits to a pre-examination information packet removing references to the coronavirus crisis and legislation targeting the economic fallout from the crisis, were parts of changes […]
Violations of real estate settlement procedures resulted in a $425,000 fine against an Oregon bank last month, according to enforcement actions issued Friday by the federal bank deposit insurance agency. The Federal Deposit Insurance Corp. […]
Definitions of “small bank” and “intermediate small bank” in 2023 for purposes of anti-redlining laws were announced Thursday by the regulator of national banks, tracking those set 10 days ago by the other two federal […]
Hedge funds play a “significant and consistent role” in influencing the U.S. Treasury yield curve alongside other market players and forces, according to a new paper published Tuesday by the Treasury’s financial research arm. The […]
A “no action” position regarding application of Regulation O was extended for at least another year by the federal banking agencies Thursday, the agencies said in a joint statement. According to the Federal Reserve, Federal […]
Instructions for year-end 2022 call reports, due to be filed by Jan. 30, will include updates for accounting for hedging activities, according to a letter issued Thursday by the federal bank deposit insurance agency. The […]
A remittance provider has been ordered to refund fees and pay a penalty after allegedly failing to provide refunds on thousands of transactions, the consumer financial protection agency said Thursday. The order against Servicio UniTeller, […]
The expiration date for guidance on dealing with the demise of a now-defunct reference rate has been extended, to Dec. 31, 2024, by the accounting profession, according to a statement issued Wednesday. The Financial Accounting […]
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