Approval of a Wyoming crypto firm’s proposed application for membership in the Federal Reserve System could pose a “significant risk” to the community it wants to serve, according to an order denying the application issued […]
Six new members of the mutual savings association advisory committee of the regulator of national banks were announced by the agency Friday. The Office of the Comptroller of the Currency (OCC) said the six new […]
A modified loan/application register (LAR) is now available for every financial institution that has completed a Home Mortgage Disclosure Act (HMDA) submission, the umbrella group for federal financial institution regulators said Thursday. According to the […]
Improving the accounting for and disclosure of certain crypto assets is the aim of a proposed accounting standards update (ASU) announced Thursday by the accounting profession. The Financial Accounting Standards Board (FASB) said the proposed […]
Two key updates were made for the simplified tool credit unions may use to determine the impact of credit loss accounting standards on their financial statements, their federal regulator said Thursday. According to the National […]
Neither the commercial real estate (CRE) nor the residential real estate markets pose a significant risk to the U.S. financial system in the foreseeable future, but growing weaknesses in both will be tested in a […]
More than $24 million in fines and restitution for alleged illegal debt collection practices has been proposed against a Norfolk, Va., firm by the federal consumer financial protection agency Thursday in what it termed action […]
Theoretically, digital currencies that are fully integrated into the financial system may lead to improvement in household welfare and decrease financial system volatility but could weaken banking-sector stability, according to a working paper published Wednesday […]
Developments related to the failure of two large banks two weeks ago continued to emerge this week, with regulators promising a complete review of regulation and supervision, and even action for smaller banks should the […]
The federal panel that oversees states’ real estate appraiser and appraisal management company (AMC) requirements is seeking comments on a proposed “appraiser profession survey” that will focus in good part on barriers to entry to […]
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