The Fed

What's up

[ December 20, 2024 ] Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network CFPB
[ December 20, 2024 ] WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL NCUA
[ December 20, 2024 ] FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name Other
[ December 20, 2024 ] OCC annual report notes sound banking system, but urges banks to guard against complacency OCC
[ December 19, 2024 ] More than one-third of workers at FDIC witnessed or experienced sexual harassment, report asserts FDIC

Federal, state regulators jointly focus on meeting financial services needs of Hurricane Milton-affected areas

October 15, 2024 0

Federal financial institution regulators and Florida’s financial regulatory office teamed up in a joint statement Tuesday on their supervisory considerations in addressing the needs of customers and financial institutions affected by Hurricane Milton. In a […]

Threshold will rise in 2025 for higher-priced mortgage loans subject to special appraisal requirements

October 4, 2024 0

The threshold will increase from $32,400 to $33,500 for higher-priced mortgage loans that are subject to special appraisal requirements, the federal banking and consumer financial protection agencies said Friday. The new threshold takes effect Jan. […]

Consumer loan, lease amounts with Regs Z, M protections to rise in 2025

October 4, 2024 0

Thresholds for consumer loan and lease amounts subject to certain protections of Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act) will rise in 2025 from $69,500 to $71,900, federal agencies said […]

Agencies issue joint pronouncement on regulatory assistance in wake of Hurricane Helene

October 2, 2024 0

Federal financial institution regulatory agency efforts to assist banks, credit unions and their communities in areas stricken by Hurricane Helene shifted to a consolidated, coordinated approach Wednesday for regulatory relief as the regulators issued joint […]

Fed considering proposal for large banks to maintain minimum amount of readily available liquidity, partially based on uninsured deposits

September 26, 2024 0

A requirement that larger banks maintain a minimum amount of readily available liquidity with a pool of reserves and pre-positioned collateral at the discount window, based on a fraction of their uninsured deposits, is being […]

« 1 2 3 4 5 … 186 »

Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

December 20, 2024 0

Claiming three of the largest banks in the country allowed “fraud to fester” on an online payment provider, resulting in more than $870 million lost by customers over seven years, the federal consumer financial protection agency Friday filed suit against [...]
WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

December 20, 2024 0

The latest life-of-loan – or Weighted Average Remaining Maturity (WARM) – factors are included in the updated simplified tool for credit unions released Friday to measure credit losses, their federal regulator said. The National Credit Union Administration (NCUA) said for [...]
FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

December 20, 2024 0

An alert about fraud schemes abusing the name, insignia, and authorities of Treasury’s financial crimes enforcement unit for financial gain was issued this week to warn corporations, money services businesses and financial institutions and urge that suspected incidents be reported. [...]
OCC annual report notes sound banking system, but urges banks to guard against complacency

December 20, 2024 0

The federal banking system is sound, but banks were urged to guard against complacency and remain vigilant according to the national bank regulator’s 2024 annual report, issued Friday. The Office of the Comptroller of the Currency (OCC) said the report [...]

Federal, state regulators jointly focus on meeting financial services needs of Hurricane Milton-affected areas

Threshold will rise in 2025 for higher-priced mortgage loans subject to special appraisal requirements

Consumer loan, lease amounts with Regs Z, M protections to rise in 2025

Agencies issue joint pronouncement on regulatory assistance in wake of Hurricane Helene

Fed considering proposal for large banks to maintain minimum amount of readily available liquidity, partially based on uninsured deposits

New Fed-sponsored group launched to keep watch over interest rate benchmarks in wake of LIBOR’s demise

Powell – with his support, involvement – stands behind Basel III endgame re-proposal

Agencies extend information request on bank-fintech arrangements for products, services

Fed seeks public input on discount window operations

Fed maintains 4.5% minimum capital requirement for large banks, with stress capital buffer of at least 2.5%

Three of nation’s largest banks sued for allowing ‘fraud to fester’ on Zelle payment network

WARM holiday greetings: Agency issues quarterly update to tool for calculating CECL

FinCEN provides financial institutions ‘red flags’ of potential frauds using FinCEN’s name

OCC annual report notes sound banking system, but urges banks to guard against complacency