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 […]
Regulators need to understand both human decision-making and market context in designing the right rules of the road for ensuring financial inclusion, the Federal Reserve’s top supervisor said at a conference Tuesday. Speaking at a […]
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 […]
Guidance to address some primary related risks of working with credit union service organizations (CUSOs) is outlined in a letter from the federal credit union regulator issued late Monday. In a letter to all institutions […]
Tighter lending standards, and weaker demand, were reported during the fourth quarter for commercial and industrial (C&I) loans to businesses, while lending standards for households during the same period were tighter or remained the same […]
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 […]
The supervisory approach for the new, lower reporting threshold of 25 closed-end mortgage loans was outlined Friday by two regulators – one for banks, one for credit unions – who both indicated limited action, if […]
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