“Interconnectedness” of large banking organizations would be limited under a proposal issued by the federal banking agencies Tuesday and aimed at reducing the impact of a failure of a large financial firm. The Federal Deposit […]
An inspector general report on three credit unions that failed in 2018 under the weight of taxi medallion loans, costing the federal share insurance fund an estimated $765.5 million, recommends that the federal regulator improve […]
As of Monday, Maryann Kennedy is the senior deputy comptroller for large bank supervision at the Office of the Comptroller of the Currency (OCC), the agency announced in a release. Kennedy, formerly the agency’s deputy […]
A credit union that provided financial services to employees of CBS, Inc., Mary Tyler Moore Productions, and CBS/MTM who work in Studio City, California, was liquidated Friday and its assets, loans, shares and members assumed […]
The head of the consumer financial protection agency will chair the umbrella Federal Financial Institutions Examination Council (FFIEC) through March 31, 2021, the council announced Monday. Kathleen (“Kathy”) Kraninger, director of the Consumer Financial Protection […]
Federal Deposit Insurance Corp. (FDIC) Board Member Martin Gruenberg said he voted against issuing the letter to Northern Trust Corp. regarding its living will, citing unrealistic assumptions about the bank’s proposed transfer of uninsured and […]
No deficiencies in resolution plans (or “living wills”) for 14 large, domestic banking and financial firms were identified by the Federal Reserve and the Federal Deposit Insurance Corp. (FDIC), the agencies said Friday – unlike […]
Two individuals formerly associated with credit unions are prohibited from participating in the affairs of any federally insured financial institution under orders announced Friday by the federal credit union regulatory agency. The National Credit Union […]
Modified loan application registers (LARs) data for about 5,400 financial institutions were released Friday by the federal consumer financial protection agency, marking the first time the registers were released with additional data required under regulations […]
Financial institutions mostly engaged in custody banking would be able to exclude those deposits from the supplementary leverage ratio calculation in a proposal issued Friday by the Federal Deposit Insurance Corp. (FDIC) Board. The proposal […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info