The Federal Reserve’s view of how 2021 played out is encapsulated in its 232-page Annual Report for the year, released Friday. The report covers the major responsibilities of the Federal Reserve System during the last […]
Two federal banking agencies are “demanding” that a New Jersey crypto currency brokerage firm stop immediately making bogus claims about coverage by federal deposit insurance of its products, the agencies said in a release late […]
Comments are due Aug. 29 on a Federal Reserve proposal setting default rules for certain contracts that use the London Interbank Offered Rate (LIBOR) but which won’t expire before LIBOR is discontinued after June 30, […]
Comments on a proposed rule that would set a 72-hour limit on the time frame for federally insured credit unions (FICUs) to report certain cyber incidents to the National Credit Union Administration (NCUA) are due […]
A two-and-a-half-day event focusing on diversity, equity and inclusion (DEI) will be hosted by the federal credit union regulator Nov. 2-4, the agency said Thursday. The National Credit Union Administration’s (NCUA) 2022 Diversity, Equity, Inclusion […]
A “Climate Data and Analytics Hub” pilot program, a new tool designed to help financial regulators assess potential risks to financial stability stemming from climate change, was announced Thursday by the Treasury Department’s financial research […]
A $37.5 million fine for allegedly illegally exploiting customers’ personal data to open sham accounts for unsuspecting customers was announced Thursday against the fifth-largest U.S. bank by the federal consumer financial protection agency. The Consumer […]
Comments on a proposal to include modifications to borrowers experiencing financial difficulty – formerly called troubled debt restructurings (TDRs) by the accounting industry – in the underperforming assets ratio and higher-risk assets ratio for purposes […]
The rise of interest rates has, as yet, had little impact on financial stability, especially as the banking system remains well capitalized, the chair of the Federal Reserve Board indicated Wednesday. Speaking to reporters after […]
Consumer credit reporting companies’ changes to medical debt collection reporting, announced in March, will remove some but not all medical debt collections and will leave nearly half of consumers still seeing such collections on their […]
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