The uncertain future of LIBOR – the London Interbank Offered Rate – and efforts to develop alternative reference rates to serve in its place will be discussed during a Dec. 6 webinar held by the […]
The $100 million civil money penalty assessed last month against Capital One, N.A., McLean, Va., and Capital One Bank (U.S.A.), N.A., Glen Allen, Va., over Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program deficiencies is included […]
An average 2.5% increase in the fees charged by Federal Reserve Banks for payment services to depository institutions (priced services) is set to take effect Jan. 2, the Federal Reserve Board said Friday. The Reserve […]
Final rule changes to simplify rules for check collections and have them better conform with requirements of a funds availability rule were approved Thursday by the Federal Reserve Board, the agency announced the same day. […]
A proposal allowing banking institutions under $5 billion in assets to use a streamlined call report form and to reduce the amount of reporting required in the first and third calendar quarters is finally headed […]
A review of the strategies, tools and communication practices it uses to pursue its congressionally assigned mandate of maximum employment and price stability will be undertaken by the Federal Reserve in 2019, the central bank […]
Rules on fidelity bond requirements for corporate credit unions and natural-person credit unions would, among other things, codify authority for coverage of certain service organizations under a proposed rule issued for public comment Thursday by […]
The 2019 budgets for the federal regulator of credit unions, including an operating budget funded by credit unions, will total $334.8 million as a result of action Thursday during the agency’s open board meeting. Meeting […]
The nation’s top banking regulator pitched the federal charter to foreign banking organizations (FBOs) that would set up branches in the U.S. and promoted his agency’s recent creation of a path to a federal fintech […]
Federally insured credit unions are encouraged to complete a 2018 voluntary diversity self-assessment and to submit it to their federal regulator’s Office of Minority and Women Inclusion (OMWI) before Dec. 31, the regulator said in […]
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