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 […]
A Treasury office created to support financial stability oversight said it will accept applications from experts in a broad range of fields (economics, financial institutions, technology, etc.) to membership in its advisory committee until Sept. 9, […]
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 free, online webinar focusing on Bank Secrecy Act (BSA) trends and challenges, and updates on BSA compliance, is slated Aug. 24 by the federal credit union regulatory agency. The National Credit Union Administration (NCUA) […]
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 […]
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