Nominees
Federal financial regulation
The Fed
Biden refers to ‘decisive action’ taken by Powell, Brainard as support for their nominations as chair, vice chair of Fed Board
Referring to “decisive action” taken by his respective nominees to be chair and vice chair of the Federal Reserve Board, President Joe Biden (D) Monday said both Jerome H. (“Jay”) Powell and Lael Brainard had […]
Other
FinCEN flags environmental crime as reportable activity under BSA
The importance of including the reporting of known or suspected environmental crime as part of a financial institution’s compliance with the Bank Secrecy Act (BSA) was highlighted Thursday in a notice by Treasury’s Financial Crimes […]
CFPB
Alarmed about leaks of confidential info via former workers, CFPB leader issues guidance to staff
Concerned that some former agency employees are exploiting confidential information to make money, the director of the federal consumer financial protection issued guidance Friday calling on current workers to report suspicious activity. In a blog […]
FDIC
Banking agencies finalize cyber incident notification rule, set April 1 effective date
A final rule on requiring banks’ notification to federal regulators of certain cyber incidents with potentially systemic impacts was approved jointly Thursday by federal banking agencies. The rule is set to take effect April 1, […]
OCC
Provocative OCC nominee cites priorities of helping banks invest locally
Guaranteeing a fair and competitive market where small and mid-size banks that invest in their neighbors’ homes and small businesses can thrive, and where every community has access to safe and affordable financial services, are […]
CFPB
FCC’s reassigned numbers database is a ‘complete and accurate’ database debt collectors can use, consumer bureau says
A database debt collectors can tap to help ensure the data they use for communications with consumers passes a regulatory smell test has been published by the Federal Communications Commission, according to an email notice […]
NCUA
ATMs can’t be ‘service facilities’ for underserved areas, federal credit union regulator decides
A final rule that eliminates the requirement that a multiple-common-bond federal credit union (FCU) have an ownership interest in a shared “service facility” for a new group or underserved area was approved unanimously Thursday by […]
NCUA
Credit union regulator looks to push 2022 budget growth slightly higher than previous year
A $345.3 million 2022 proposed budget was posted Wednesday by the federal credit union regulator; a public briefing is set for Dec. 8, the agency said. According to the National Credit Union Administration (NCUA), the […]
NCUA
Auditor engaged to handle review of failed Indianapolis’ Newspaper FCU, agency OIG reports
An independent auditor – Moss Adams, LLP – has been engaged to conduct a “full-scope” material loss review (MLR) of the failed Indianapolis’ Newspaper Federal Credit Union, according to a recent inspector general report to […]