Trading revenue was down 15.5% — or $1.3 billion – in the third quarter from the previous quarter at commercial banks and savings associations, their federal regulator said Monday. In its Quarterly Report on Bank […]
Landlords and mortgage servicers with military servicemembers and veterans as tenants and clients were put on notice about housing protections in letters sent Monday by the federal consumer financial protection and top federal law enforcement […]
Temporary “no-action” relief under Regulation O for companies that manage funds investing in banking organizations was extended further in a revised statement Friday by the three federal banking regulators. The Federal Reserve, Federal Deposit Insurance […]
Concern about accumulating debt, regulatory arbitrage, data harvesting, and other components associated with “buy now, pay later” (BNPL) plans has led the federal consumer financial protection agency to open an inquiry into the quickly expanding […]
The operating budget of the National Credit Union Administration (NCUA) is rising to a total of $320.138 million, up 1.8% from the approved 2021 budget of $314.5 million, as a result of action Thursday by […]
Feedback on draft principles for dealing with climate-change-related financial risks was requested from large national banks and thrifts by their federal regulator Thursday. The Office of the Comptroller of the Currency (OCC) said it made […]
Several real estate property sectors were “significantly challenged” during the coronavirus crisis since 2020, but some of the changes in the commercial real estate (CRE) area may be long-lasting, according to a report issued Friday […]
The “normal operating level” (NOL) – or target equity ratio – for the federal fund that insures depositors’ money in credit unions will drop five basis points, from 1.38% to 1.33%, as of Jan. 1 […]
Regulators should take appropriate actions within their jurisdictions to address risks associated with digital assets like stablecoins, as outlined in a recent report, while continuing to coordinate and collaborate on issues of common interest, the […]
Three final rules were approved Thursday, by unanimous votes, to authorize federal credit unions’ (FCUs) purchase of mortgage servicing assets (MSAs) from other insured credit unions, create a complex credit union liquidity ratio (CCULR) framework, […]
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