Anyone seeking a Federal Reserve ally for a central bank digital currency (CBDC) should look beyond the agency’s top supervisor, Randal Quarles – in his view, it’s not likely to happen. In a speech Monday, […]
Rules described as designed to help prevent a surge of foreclosures as federal protections expire were finalized Monday – to become effective Aug. 31 – by the federal consumer financial protection agency. The Consumer Financial […]
More than $865 million will be distributed by September to credit unions that were account holders at three failed corporate credit unions as the federal credit union regulator closes its program to resolve the institutions, […]
A list of distressed or underserved nonmetropolitan middle-income geographies for 2021 – the areas where revitalization or stabilization activities are eligible for anti-redlining community development designation — was released Friday by two federal banking agencies. […]
Issues relating to the concept of resolution of a central counterparty (CCP) — an entity that aims to help facilitate trading in various European derivatives and equities markets – was the focus of a virtual […]
The former board chairman of an Illinois bank was prohibited from further participation with federally insured financial institutions, and fined $105,000, for “recklessly” participating in unsafe or unsound practices and breaching fiduciary duties related to […]
The 23 banks that participated in the 2021 stress tests by the Federal Reserve demonstrated continued strong capital levels and the continued ability to lend during a hypothetical severe recession, the Fed said Thursday. It […]
With the House voting Thursday to join the Senate in overturning the “true lender rule” by the federal regulator of national banks, the acting chief of the agency said it would respect the decision by […]
Exploration of how financial technology and innovation can create a more diverse, equitable and inclusive banking system is the target for a virtual conference set for next week by the federal insurer of deposits at […]
A rule that removes the prohibition on federally insured credit unions’ (FICUs) financing of interest in connection with loan workouts and modifications was approved Thursday on a unanimous, 3-0 vote of the National Credit Union […]
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