Federal banking agencies would be required to publish a rationale and comprehensive cost-benefit analysis of the differences between their proposed regulation and the “corresponding international prudential standard” under legislation approved by a House panel Wednesday. […]
The financial system is on a “much sounder footing” today, with greater capital and liquidity, rendering it less crisis-prone, the outgoing chairman of the Federal Reserve said Wednesday. In her last press conference as chairman, […]
Maximizing the secure use of cloud computing, modernizing government-hosted applications and securely maintaining legacy systems are the elements of a “modern federal IT architecture” for agencies envisioned in final White House report issued Wednesday. The […]
Credit union lending was up nearly 11% over the year ending Sept. 30, 2017, and memberships continued to surge, posting more than a 4% increase over the same period, according to figures released Wednesday by […]
Legislation that would require federal banking agencies to provide banks or credit unions written justification of any request to terminate or restrict a customer’s account (except for national security) was passed by the House Monday. […]
A proposal to refine methods for determining the levels of intraday credit U.S. branches and agencies of foreign banking organizations (FBOs) can receive from Federal Reserve Banks was approved for a 60-day comment period Monday […]
Reducing fraud risk and advancing the security of the U.S. payment system on behalf of the Federal Reserve will be the roles of the central bank’s security strategy leader, the Fed announced Friday. Kenneth Montgomery, […]
Losses piling up from credit union loans for taxi cab medallions that are falling in value may require the federal fund that insures savings in credit unions to increase loss reserves, a member of the […]
Three new financial reference rates — one of which is meant to replace the U.S. dollar “LIBOR” — that will be based on overnight repurchase agreement (repo) transactions secured by Treasury securities were announced as […]
A new “seal of office” for the regulator of federal credit unions was signed off on by President Donald Trump Friday, who issued an order which calls for imposition of an eagle, three stars (representing […]
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