Other – Page 11 – Regulatory Report

What's up

[ November 27, 2024 ] OCC increases assessment rates for 2025; asset cap for problem-bank surcharge calculation upped to $250 billion OCC
[ November 26, 2024 ] Weaknesses in process for escalating supervisory concerns need to be addressed, report contends FDIC
[ November 25, 2024 ] Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends The Fed
[ November 25, 2024 ] Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says The Fed
[ November 21, 2024 ] Bureau finalizes rule extending supervision over digital payment wallet apps CFPB

FSOC makes six recommendations in annual report, leading with addressing nonbank financial intermediation, crypto oversight

December 16, 2022 0

Addressing risks of nonbank financial intermediation and enforcing existing rules and regulations applicable to the “crypto-asset ecosystem” were among the recommendations made by the council of federal financial regulators in their annual report, issued Friday. […]

FFIEC revises fair debt collection rule exam procedures

December 15, 2022 0

Revisions to interagency examination procedures for the Fair Debt Collection Practices Act (FDCPA) and its implementing regulation (Regulation F) were released jointly Thursday by federal banking regulators under the umbrella Federal Financial Institutions Examination Council […]

Minorities slightly increased representation among financial industry leadership, report finds – but White men continue to dominate

December 6, 2022 0

Slight increases in representation of minorities – that is, racial/ethnic groups other than White – and women in management positions were realized in the financial services industry from 2007 to 2020, according to a report […]

Researchers set up pilot program designed to open ‘unique window’ into ‘opaque’ portion of repo market

December 5, 2022 0

Providing a “unique window” in the non-centrally cleared bilateral repurchase agreement (repo) market is the aim of a pilot project sponsored by the Treasury’s Office of Financial Research (OFR), the agency said in a release […]

Data entry software for reporting year-end CRA data now available from exam council

December 1, 2022 0

The latest update for reporting anti-redlining lending data is now available, the umbrella group for federal financial institution regulators said Thursday. According to the Federal Financial Institutions Examination Council (FFIEC), version 2022 of the data […]

Steep challenges ahead in assessing impact of climate change on financial stability, OFR leader advises

November 18, 2022 0

Challenges are steep in assessing the impact of climate change on financial stability, particularly in integrating the mountain of financial and climate data to do so, the leader of Treasury’s top financial researcher said Friday. […]

On crypto regulation, Treasury’s Yellen weighs in noting concern over financial stability

November 16, 2022 0

There is need for more effective oversight of cryptocurrency markets to promote financial stability, according to the U.S. Treasury secretary, who issued a statement Wednesday in the wake of the recent failure of a major […]

Report calls for ‘enhanced supervision’ of partnerships between banks, fintechs to address consumer, market risk

November 16, 2022 0

Partnerships between financial technology firms (fintechs) and banks should be subject to enhanced supervision aimed at addressing risks to consumer protection and market integrity, according to a report released Wednesday by the Treasury Department. The […]

Researchers include third data set to help determine who speaks the same financial lingo – and who doesn’t

November 7, 2022 0

Comparisons of how three international bodies provide metadata for five commonly used asset classes will be available for financial analysts and other users from a third data source added by the Treasury Department’s financial research […]

Ransomware remains ‘significant threat,’ FinCEN reports; large portion of variants connected to Russia cyber actors

November 1, 2022 0

Ransomware trends in Bank Secrecy Act (BSA) filings from July to December 2021 showed growth in the number and severity of ransomware attacks against U.S. critical infrastructure since late 2020, Treasury’s Financial Crimes Enforcement Network […]

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OCC increases assessment rates for 2025; asset cap for problem-bank surcharge calculation upped to $250 billion

November 27, 2024 0

Fees the national bank regulator charges supervised banks are going up next year, with a 16% increase planned for rates in the general assessment fee schedule for assets above $40 billion and 2.65% for all other rates in that schedule, [...]
Weaknesses in process for escalating supervisory concerns need to be addressed, report contends

November 26, 2024 0

The process for escalating supervisory concerns at banks and other regulated institutions has weaknesses that should be addressed, according to a report issued Tuesday. The Government Accountability Office (GAO) said bank failures in 2023 “raised questions about federal regulators’ ability [...]
Funding risk vulnerabilities remain ‘notable’ among banks, with some MMFs susceptible to runs, report contends

November 25, 2024 0

Vulnerabilities from funding risks remain “notable” for the nation’s banks and other institutions, according to a report issued Friday (Nov. 22), with such vehicles as money-market funds (MMFs) and other cash-management vehicles “remaining susceptible to runs owing to structural vulnerabilities.” [...]
Prices for Reserve Banks’ ‘mature’ priced services up an average 2.8% for 2025, Fed says

November 25, 2024 0

Fees for established, mature priced services the Federal Reserve Banks provide to banks and credit unions are rising on average by an estimated 2.8% beginning Jan. 1, excluding FedNow and Fedwire securities priced services, the central bank said Friday. The [...]
Bureau finalizes rule extending supervision over digital payment wallet apps

November 21, 2024 0

Digital payment wallet apps handling more than 50 million transactions annually are subject to a final rule requiring them to follow federal law applied to banks, credit unions and other financial institutions already supervised by the federal consumer financial protection [...]
Number of credit unions with low exam ratings rose in third quarter; strain on balance sheets, consumers, noted

November 21, 2024 0

The number of the lowest-rated credit unions based on their exam scores rose in the third quarter, their federal regulator said Thursday, reflecting strains on balance sheets and their consumer members, according to the agency. That total includes nine troubled [...]
CFPB publishes adjustments to thresholds under TILA, FCRA

November 21, 2024 0

Two adjustments to thresholds under lending disclosure and credit reporting rules were announced Thursday by the federal consumer financial protection agency. The Consumer Financial Protection Bureau (CFPB) said the first threshold adjustment resulted from a final rule it issued amending [...]
Ex-CEO of failed Kansas bank prohibited from financial institutions after cryptocurrency scheme

November 21, 2024 0

The former CEO of a Kansas bank that failed after the embezzlement of $47.1 million in a cryptocurrency scheme has been prohibited permanently from serving at another federally insured financial institution, the Federal Reserve said Thursday. Shan Hanes, 53, of [...]