How the federal agency that charters national banks interprets standards for federal preemption of state law under the 2010 financial consumer protection statute is detailed in a new interpretive letter. The letter, issued Friday by […]
New requirements for certain transactions involving convertible virtual currency (CVD) or digital assets with legal tender (LTDA) status will be proposed by the Treasury’s financial crimes arm as early as Wednesday, which would require financial […]
The “forward” booklet explaining the organization, format, and process for revising portions of the Comptroller’s Handbook containing examiner guidance has been updated to rescind the version published in May 2019, according to a bulletin issued […]
Credit Suisse has 90 days to provide the Federal Reserve Bank of New York an acceptable plan for strengthening oversight of Bank Secrecy Act/anti-money laundering (BSA/AML) compliance across its U.S. operations under an order announced […]
A large remittance provider was assessed a $750,000 civil money penalty over “thousands” of remittance rule violations and required to correct its practices under a consent order announced Monday by the Consumer Financial Protection Bureau […]
An advisory opinion clarifying the content that a for-profit organization must include in a written plan that establishes and administers a special purpose credit program (SPCP) under Regulation B, which implements the Equal Credit Opportunity […]
Sarah Canepa Bang has been named senior advisor to Kyle Hauptman, who joined the National Credit Union Administration (NCUA) Board Dec. 14 and was named vice chairman Friday. The NCUA, in a release Monday, said […]
If you’re looking for a bank – or information about a bank that you’ve already found – the federal insurer of bank deposits Monday unveiled new looks for doing both. The two new bank data […]
The countercyclical capital buffer (CCyB) that the Federal Reserve uses to increase the resilience of the financial system during times of heightened risk will remain at 0%, the Federal Reserve Board decided Friday. The CCyB […]
Large banks saw their losses rise to more than $600 billion under conditions simulated under a second stress test conducted by the Federal Reserve – but the banks’ capital ratios, despite the losses, would continue […]
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