Cease-and-desist orders issued in 2013 and 2018 against JPMorgan Chase & Co. (New York, N.Y.), and U.S. Bancorp and USB Americas Holdings Company, both of Minneapolis, Minn., were terminated by the Federal Reserve Board Dec. […]
A budget of $2.02 billion for 2020 was approved by the federal insurer of bank deposits, resulting in a $26 million (1.3%) decrease from the prior year budget, the agency said. In its meeting Thursday, […]
An asset threshold of $10.715 billion for determining the dividend rate paid to banks under Regulation I was approved by the Federal Reserve Board Thursday, the agency said. The threshold decision is an annual adjustment […]
A rule to subject some credit unions to “risk-based capital” (RBC) requirements was delayed until 2022 on a split vote of the board for the federal regulator of credit unions Thursday. The delay is the […]
On the eve of a sister regulator moving forward in publicly proposing revisions to rules implementing anti-redlining laws at banks, the chair of the Federal Reserve made it clear that his agency is not ready […]
Receiverships of two banks formerly headquartered in Connecticut and Alabama were terminated Dec. 1 by the Federal Deposit Insurance Corp. (FDIC), according to a notice this week in the Federal Register. The terminated receiverships were […]
The chairman of the federal agency that insures bank deposits set the stage Wednesday for a proposed brokered deposits rule queued up for discussion during this week’s open board meeting, with the proposal expected – […]
A final, revised rule on payday lending is anticipated for April of next year, the director of the Consumer Financial Protection Bureau (CFPB) said Tuesday, following review of approximately 190,000 comments from stakeholders. In a […]
Comments on a Federal Reserve proposal to establish risk-based capital requirements for depository institution holding companies that are “significantly engaged” in insurance activities are due Jan. 22 under an extension published in Tuesday’s Federal Register. […]
Citing a laundry list of 94 separate items – under six separate categories – of “work” accomplished, the director of the federal consumer financial protection agency Tuesday celebrated her first year as head of the […]
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