Three teams made up of five tech firms have been selected to compete in a “sprint” designed to explore new technologies and techniques to help banks evaluate how well they can withstand a major disruption […]
Financial institutions should use census tract information provided in the 2020 Census for mortgage-related data collected beginning next year, the federal consumer financial protection agency said Monday. In a “HMDA Reminder,” the Consumer Financial Protection […]
Low-income-designated credit unions that are eligible to receive funding from Treasury’s Emergency Capital Investment Program (ECIP) may accept 30-year subordinated debt investments from the program, according to the National Credit Union Administration (NCUA). The NCUA […]
Payments systems – including types, associated risks, and management practices – are covered in the updated version of the national bank regulator’s “Payment Systems” booklet, the agency said Friday. According to the Office of the […]
Public, high-quality climate-related disclosure by firms that are regulated as financial institutions or that issue securities will “better inform investments and market participants about climate-related risks to those entities,” a report issued by a joint […]
Alleging redlining, three federal agencies took action against a Jackson, Miss., bank – with operations in Memphis, Tenn. – and announced Friday a settlement requiring the financial institution to pay a $5 million penalty and […]
Orders seeking business practice data from large technology companies that operate payments systems in the U.S. – among them Facebook, Amazon, Apple – were issued Thursday by the Consumer Financial Protection Bureau (CFPB), the bureau […]
A survey of finance companies will commence this month as an effort by the Federal Reserve to “improve its understanding of credit availability to households and businesses in the United States,” the agency announced Thursday. […]
New restrictions on investments and active trading by Federal Reserve Bank and Fed Board policymakers and senior staff, along with new requirements for public disclosure, were announced Thursday by the Federal Reserve Board. The Fed […]
A final rule that adds a “market sensitivity” component to the federal examination system for credit unions was approved unanimously Thursday by the National Credit Union Administration (NCUA) Board, with board members voting 3-0 in […]
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