A total of $1 billion in fines plus restitution – with restitution yet to be determined – was ordered to be paid by Wells Fargo Bank, N.A., over abuses and unsafe practices related to its […]
Compliance dates would be extended by up to nine months for a regulation applying qualified financial contract (“QFC”) recordkeeping requirements related to orderly liquidation authority (OLA), under a Treasury Department notice of a final rule […]
The budget process relative to policies and procedures is among the items outlined in the annual independent audit of the federal consumer financial protection agency, published Wednesday. Among the recommendations included in the document are […]
The federal panel that sets real estate appraisal requirements and rules will open its national registry of appraisal management companies (AMCs) to the states by July 16, six weeks later than originally planned. States that […]
The division among federal banking regulators over last week’s proposed leverage capital rule change for banks was questioned by Senate Democrats during a Senate Banking Committee hearing Thursday with Federal Reserve Board Vice Chairman for […]
A report making recommendations to address systemic issues associated with the federal deposit insurer’s information security incident response and reporting – particularly to members of Congress – was released Monday by the agency’s office of inspector […]
A Federal Reserve governor warned regulators Thursday to push large banks to keep their capital buffers intact to avoid trouble during financial downturns, adding that even conditions today are “somewhat stretched.” In remarks to the […]
A final rule revising parts of the federal credit union regulator’s rules allowing an option to make television and radio advertising less cumbersome, and making other changes, was approved Thursday by the agency’s board. The […]
A final rule on capital planning and stress testing for large credit unions, giving those institutions more control over the testing action, was approved by the federal regulator of credit unions Thursday. The National Credit […]
The inspector general (IG) for the federal regulator of credit unions, in a recent letter to the chairman of the Senate Committee of Homeland Security and Government Affairs, says his office has found none of […]
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