The 2017 financial statements of the Federal Reserve Board of Governors (Fed) and the 12 Federal Reserve Banks received unqualified (clean) audit opinions, the Fed said in releasing the statements Friday. Unqualified opinions were also […]
The $5 billion in fourth-quarter 2017 trading revenue reported for U.S. commercial banks and federal savings associations is down $1.4 billion, or 21.2%, from the previous quarter, the Office of the Comptroller of the Currency […]
A federal credit union chartered to serve Anabaptists and Mennonites is also permitted under the Federal Credit Union (FCU) Act to serve “individuals who share a core doctrinal belief and set of practices with those […]
Thomas E. Workman was confirmed by the Senate Wednesday to a six-year term as a member of the Financial Stability Oversight Council (FSOC). He serves as the council’s independent representative having insurance expertise and is […]
A final rule to increase the threshold level at or below which appraisals are not required for commercial real estate transactions from $250,000 to $500,000 was approved by the board of the federal deposit insurance […]
Numerous recommendations related to improving interagency coordination on fintech – including addressing competing concerns on financial account aggregation, and evaluating whether it would be feasible and beneficial to adopt regulatory approaches similar to those undertaken […]
The National Credit Union Administration’s Office of Inspector General issued two reports in mid-March on 1) the agency’s records management program and 2) its charge card programs. The records management audit showed no comprehensive program […]
A former employee of Frost Bank in San Antonio would be permanently barred from working in a federally insured financial institution under a notice filed by the Federal Reserve Thursday for misappropriating money from a […]
Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]
Inherited regulations and rulemaking authorities are topics for the ninth “request for information,” issued Thursday, by the Consumer Financial Protection Bureau (CFPB) in the agency’s efforts to uncover “evidence” that it is doing the job […]
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