The comment period was extended Friday by one month for a proposed rule to update the standards for regulators about how financial firms measure counterparty credit risk posed by derivative contracts. The extension means comments […]
Fourth-quarter and year-end financial results for the banking industry will be announced at a press briefing Thursday by the chairman of the board of the federal insurer of bank deposits. Federal Deposit Insurance Corp. (FDIC) […]
“Unmodified” audit opinions were earned by the four funds administered by the federal credit union regulator, the agency announced Friday, making it the second federal financial institution regulator in as many days to announce so-called […]
Formation of more de novo banks, reduced regulatory burden for community banks, and establishment of an “Office of Innovation” are all priorities for 2019 of the chairman of the federal insurer of bank deposits, the […]
Enhancing oversight of banks’ cybersecurity risk, adapting to financial technology (fintech) innovation, and strengthening information security management at the agency are the top three challenges facing the federal insurer of bank deposits, the agency’s inspector […]
The 2017 and 2018 financial statements of two funds administered by the Federal Deposit Insurance Corp. (FDIC) – the Deposit Insurance Fund (DIF), and the Federal Savings and Loan Insurance Corp. (FSLIC) Resolution Fund (FRF) […]
The consumer financial protection agency’s proposals to remove mandatory underwriting provisions of a rule aimed at protecting consumers from abusive payday lending practices, and to delay implementation of those provisions in the meantime, were published […]
Recent reports by a federal watchdog, and coverage in a national newspaper, of questions over spending by top officials at the federal credit union regulator were part of Thursday’s confirmation hearing by a Senate committee, […]
Some simplification in credit union audit requirements – with a longstanding agency guide to be decommissioned in the process – was proposed and issued for public comment Thursday during an open meeting of the National […]
Nominees for seats on the board of the federal credit union regulator both vowed to Senate Banking Committee members, during their joint confirmation hearing Thursday, that they would work to safeguard the continued safety and […]
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