Common practices for assessing a credit union’s or bank’s money laundering/terrorist financing risk profile are outlined in a joint statement from federal financial institution regulators issued Monday, providing what the agencies said was a “risk-focused” […]
Title: Regulatory Capital Rules: Treatment of Land Development Loans for the Definition of High Volatility Commercial Real Estate Exposure Subject: Capital, HVCRE Agency: FDIC, Federal Reserve, OCC Status: Proposed rule Summary: The Office of the […]
Up to $700 million in monetary relief and penalties would be provided in a settlement between credit reporting agency Equifax and the federal consumer financial protection agency and other federal and state agencies, the groups […]
Revisions to the framework for margin requirements for non-centrally cleared derivatives that have been adopted by international groups are the subject of a Wednesday webinar hosted by the federal banking agencies, they announced Monday. The […]
Title: Regulatory Capital Rule: Simplifications to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996 Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Final rule, effective date, early adoption […]
Effective oversight also entails looking at what an industry is doing right and recognizing the contributions of the people within that industry who are getting it right, the chairman of the board for the federal credit union regulator […]
The federal agency charged with consumer financial protection on Friday published an updated diversity and inclusion strategic plan covering the period of fiscal 2019 to fiscal 2022. The Consumer Financial Protection Bureau (CFPB) says its […]
A final rule that excludes community banks from Volcker Rule prohibitions and restrictions on proprietary trading and certain relationships in hedge funds and private equity funds is set to take effect Monday, when it is […]
Comments collected in last year’s “call for evidence” from the federal consumer financial protection agency resulted in 1,750 separate issues related to rulemaking, the director of the agency told a Washington group Thursday – and, […]
A reprogramming of more than $5.3 million of the credit union regulator’s budget – paid for largely by lower-than-expected employee pay and benefits – was approved by the regulator’s board Thursday. Additionally, the board announced, […]
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