Four urgent problems – including digitalization of banking finance – face the banking system, the acting leader of the federal regulator of national banks told a House panel Wednesday. Acting Comptroller of the Currency Michael […]
While the supervisory framework of the Federal Reserve was tested – and found to work – in the face of the financial impact of the coronavirus crisis, there are other areas that were found to […]
Frequently asked questions (FAQs) about the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosures (TRID) rule were updated recently to address housing assistance loans, including how the BUILD Act affects requirements for certain […]
Bank profitability remains “stressed” due to low interest rates and loan growth, the federal regulator of national banks said Tuesday, pointing to increased credit risk as the financial impact of the coronavirus crisis continues to […]
Current and potential digital asset activities – which are being “increasingly” explored by banks – are the subject of the latest information gathering by the federal insurer of bank deposits, the agency said Monday. In […]
The agency that issues federal bank and thrift charters on Tuesday said it plans to reconsider last year’s Community Reinvestment Act (CRA) final rule and said it “will not object” to banks suspending their work […]
Reporting exemptions on home mortgage lending data for smaller financial institutions had little impact on data availability, but more information from the lenders would help oversight, a report from the congressional watchdog issued Monday stated. […]
Measures that would repeal the “true lender” rule for banks, restore the federal credit union regulator’s short-lived, direct authority over third-party vendors, and set a trigger for the countercyclical capital buffer (CCyB) for banks are […]
Stopping the use of LIBOR as a reference rate as soon as possible as a year-end expiration date of the rate looms is encouraged for all federally insured credit unions, their federal regulator said in […]
An extension to July 1 for the deadline to comment on how financial institutions use artificial intelligence (AI) in their activities was announced Monday by financial institution regulators. The invitation to comment was provided in […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info