Credit unions with both minority depository institution (MDI) and low-income (LICU) designations may apply now, through Oct. 29, for the federal credit union regulator’s mentoring grants worth a total of $100,000, the agency said Tuesday. […]
The federal agency charged with consumer financial protection “expects” to issue a final rule in January to facilitate covered institutions’ transition away from use of the London Interbank Offered Rate (LIBOR) as a reference rate […]
Members of the public have until Jan. 6 to submit comments on a consumer financial protection agency proposal to require financial institutions to collect and report data on business loan applications, including from women- and […]
Supervisory guidance for large banking institutions from the Federal Reserve in measuring, monitoring and managing climate-related risks is anticipated from at least one of the agency’s board governors, she told a group Thursday. In remarks […]
A bank was assessed an $11,000 civil money penalty over reported violations of federal flood insurance requirements under an order announced Thursday by the Federal Reserve Board. Meanwhile, a former California bank employee is named […]
A plan for the Federal Reserve Banks to adopt a new message format for the Fedwire® Funds Service on a single day, rather than three separate phases as earlier proposed, is out for comment until […]
The “year of magical thinking” is over, and market participants should act now to accelerate their transition away from LIBOR, the Federal Reserve’s top supervision officer said Tuesday. Federal Reserve Board Vice Chair for Supervision […]
Improving the agency’s information technology (IT) investment management program is the aim of four recommendations from the federal credit union regulator’s inspector general following a recent audit of the agency’s governance of IT initiatives, according […]
Third-quarter call reports that include new data items for sweep deposits at banks with both domestic and foreign offices were distributed by the three federal banking agencies Monday. According to a financial institution letter (FIL-68-2021) […]
Current issues affecting community banking are slated for discussion at the Nov. 3 virtual public meeting of the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee on Community Banking, the agency says in a notice slated […]
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