The rate of interest paid on balances depository institutions maintain with the Federal Reserve System was raised 0.05 percentage point to 0.15%, effective June 17, the Fed said in a Federal Register notice published Friday. This […]
Regulatory relief measures are being deployed for federally supervised banking institutions in Michigan affected by severe storms, flooding, and tornadoes, according to a Financial Institution Letter (FIL) issued Friday by the Federal Deposit Insurance Corp. […]
Bookkeeping staffing and other operational deficiencies at an Illinois bank holding company have led the Federal Reserve to issue an enforcement order against it, which includes no payment of dividends to stockholders without supervisors’ prior […]
A proposal to make a simplified measure of capital adequacy available to federally insured credit unions defined as “complex” – meaning those with more than $500 million in assets – was released for comment Thursday […]
Input on potential and current impacts of the use of digital assets and related technologies – or, said another way, the impacts of distributed ledger technology (DLT, such as blockchain) and decentralized finance (DeFi) – […]
The strategic plan review for the federal credit union regulator’s board will not be on the agenda for its meeting Thursday after all, the regulator indicated Wednesday as it issued a revised meeting plan. However, […]
A required review of credit risk retention requirements affecting federally insured banks and thrifts that securitize residential mortgage loans has been extended to Dec. 20 by federal banking, housing-finance, and securities regulators. The credit risk […]
Loan conventions and use cases for how to best use an alternative to a soon-to-be-defunct LIBOR reference rate were recommended Wednesday by a Federal Reserve-sponsored committee. In a release, the Alternative Reference Rate Committee (ARRC), […]
Working together to jointly strengthen rules implementing anti-redlining laws is a commitment made by the three federal banking agencies Tuesday, according to a statement released by all three. The statement was released after one of […]
The White House Monday said President Joe Biden (D) intends to nominate Graham Steele to fill the post of assistant Treasury secretary for financial institutions, which helps set policy on financial institutions, government-sponsored enterprises, and […]
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