Simplifying deposit insurance rules for revocable and irrevocable trusts, and amending a rule on mortgage service accounts coverage, are addressed in a proposed regulation issued by the federal insurer of bank deposits Tuesday. In a […]
Feedback on the agency’s strategies to preserve and promote minority depository institutions (MDIs), the Mission-Driven Bank Fund created to channel funds to MDIs and community development financial institutions (CDFIs), and other agency initiatives will be […]
Comments are due Sept. 17 about proposed guidance on third-party risk management at banks – including that related to deals with financial technology (fintech) firms – issued by the federal banking agencies, according to the […]
If Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell should be looking over his shoulder at a replacement for him when his term runs out in February, the White House is giving no indication […]
Expansion to three cities of a project designed to bring diverse inclusion and participation in the economy was announced Friday by the regulator of national banks. Acting Comptroller of the Currency Michael J. Hsu said […]
Title: Proposed Interagency Guidance on Third-Party Relationships: Risk Management Subject: Third-party relationships Agency: FDIC, Federal Reserve, OCC Status: Proposed interagency guidance and request for comment Summary: The Board, FDIC, and OCC (together, the agencies) invite […]
A proposed rule on a “complex credit union leverage ratio” is slated for consideration during next week’s open meeting of the National Credit Union Administration (NCUA) Board. The meeting, set for 10 a.m. next Thursday, […]
Nellie Liang was confirmed by the Senate Thursday as Treasury under secretary for domestic finance – responsible for policy on financial institutions, financial markets, and more – with nearly three-fourths of the Senate voting in favor. […]
Before settling on issuing a “central bank digital currency” (CBDC), broad support among the public – and in Congress – is a must, the Federal Reserve Board chair told a Senate committee Thursday. Testifying before […]
A meeting with invited financial institution representatives and other stakeholders to discuss ongoing concerns about ransomware and efforts to address those is slated next month by the Treasury Financial Crimes Enforcement Network (FinCEN), the agency […]
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