A proposal to update anti-redlining laws falls short in covering the costs of implementation by banks and does not explain how the benefits exceed the costs, a member of the Federal Reserve Board said Saturday. […]
Done right, a well-designed central bank digital currency (CBDC) may enhance – not weaken – financial stability, according to a blog posting Monday by the Treasury’s financial analysis arm. A key part of that, according […]
Individual capital requirements for large banks will remain the same, depending on the individual scores the banks received on their stress tests results, when the new rate schedule takes effect Oct. 1, the Federal Reserve […]
Friday is the deadline for commenting on federal banking regulators’ proposal to modernize and streamline proposed changes to rules implementing anti-redlining laws; to date, nearly 200 comments have been filed. The proposal was issued in […]
A former executive of a New Orleans-based bank that failed in 2017 has pleaded guilty to conspiracy to defraud the institution, the inspector general of the federal bank deposit insurance fund said Thursday. Robert B. […]
A Kansas City, Mo., credit union became the first federal credit union charter issued this year by the federal credit union regulator, the agency announced Thursday. The charter was officially issued July 22; operations are […]
Flooding in Kentucky has prompted the federal bank deposit insurer to offer regulatory relief to banks in the areas of the state affected by inundation, storms, and landslides and mudslides, the agency said Wednesday. The […]
Nine banks earned ratings in May and July of “outstanding” for their compliance with rules implementing anti-redlining laws, the regulator of national banks and the federal insurer of bank deposits said Wednesday. The Office of […]
Financial performance in the wake of the pandemic by banks with concentrations in commercial real estate (CRE) lending – as well as examination observations about CRE lending risk management practices – is one of the […]
Collaboration between regulators and banks to streamline the cybersecurity incident report and threat information-sharing process – as mandated by a rule adopted earlier this year – was the ask to financial industry representatives from the […]
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