Proposed revisions to the “Volcker Rule” — which places limits on proprietary trading and hedge fund and private equity investments — will be considered by the federal banking regulators this week. The Federal Reserve Board is […]
A final rule allowing payment of certain severance claims, such as unpaid wages, sick time or vacation time, when a federally insured credit union is involuntarily liquidated was published in the Federal Register Wednesday with […]
Eleven approvals of “section 19” applications restoring an individual’s ability to work at a federally insured financial institution were among the 35 administrative enforcement actions the Federal Deposit Insurance Corp. (FDIC) issued in April, the […]
Combatting elder financial abuse will be discussed in a June 7 webinar offered jointly by the Financial Crimes Enforcement Network (FinCEN) and Bureau of Consumer Financial Protection (BCFP, formerly the CFPB), FinCEN said in a […]
Federal Reserve Board Chairman Jerome Powell, speaking Friday before a conference of central bankers in Stockholm, Sweden, emphasized the importance of transparency and accountability as policy makers seek to keep up with the pace of […]
Competition for quality loans is strong, as evidenced by eased underwriting – something that warrants “continued focus” on underwriting practices to keep an eye on credit risk and lender complacency, the regulator of national banks […]
The Federal Deposit Insurance Corp. (FDIC) is planning to renew three information collections regarding insured institutions and is accepting public comments for 60 days. The information collections are titled “Interagency Supervisory Guidance for the Supervisory […]
A ‘town hall’ webinar for bank and nonprofit staff who train or serve entrepreneurs is being held next month by the Federal Deposit Insurance Corp. (FDIC). Dubbed “Money Smart for Small Businesses,” the webinar will […]
The Senate, voting 69-24, on Thursday confirmed Jelena McWilliams to be chairman of the Federal Deposit Insurance Corp. (FDIC) Board. McWilliams’ nomination to a six-year term on the board was approved on voice vote. McWilliams […]
The federal regulator of credit unions is proposing a second payday loan option – and perhaps even a third – that it hopes will lead to a “safe harbor” from the federal consumer financial protection […]
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