A final rule on cyber incident notification requirements, a proposal to revise the agency’s chartering and field-of-membership (FOM) manual, and a report on the credit union share (deposit) insurance fund are the three items slated […]
The hypothetical scenarios to be used in this year’s federal regulator and company-run bank stress tests were released Thursday afternoon by the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC). […]
Financial institutions and others have until Feb. 14 to submit their comments to Treasury’s financial crimes enforcement unit on a proposed rule that would govern “beneficial ownership information” (BOI) that they and others will need […]
The rate of interest paid on depository institutions’ reserve balances at Federal Reserve Banks and the rate banks pay on Reserve Bank primary credit have both risen 25 basis points (bps) as a result of […]
Kristen Baldwin will be the chief information officer (CIO) at the national bank regulatory agency beginning Feb. 26, the agency announced Wednesday. The Office of the Comptroller of the Currency (OCC) said that Baldwin will […]
Title: Policy Statement on Section 9(13) of the Federal Reserve Act Subject: State member banks; crypto-assets Agency: Federal Reserve Status: Final rule Summary: The Board is issuing a policy statement interpreting section 9(13) of […]
The risk to financial stability should decentralized finance (DeFi) continue to grow in size and scope – and without the guardrails that are in place for traditional finance – is discussed in a blog post […]
An updated “Branch Closings” booklet of the Comptroller’s Licensing Manual was released Tuesday by the Office of the Comptroller of the Currency (OCC). The licensing manual contains a series of booklets that explain the OCC’s […]
Digital mortgage comparison-shopping platforms that give preferred placement or otherwise steer consumers to lenders based on the lenders’ compensation to the platforms are violating section 8 of the Real Estate Settlement Procedures Act (RESPA), the […]
Of the 44 banks that received their federal anti-redlining compliance ratings in November, six of them were rated “outstanding” and two were deemed “needs to improve,” according to data released Friday by the Federal Deposit […]
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