A final rule to modernize and make its derivatives rule for federal credit unions more principles-based was approved on a vote of 3-0 by the National Credit Union Administration (NCUA) Board, which made three changes […]
The development and enablement of a central bank digital currency (CBDC) for use by the general public is among the technological advances being explored by the Federal Reserve, the agency’s board chair said in a […]
Credit unions continue to be spared a federal share insurance premium, for now. The equity ratio of the federal fund that insures savings in credit unions is projected to drop to 1.22% by this June […]
Giving his agency examination and enforcement authority over third-party vendors and making key changes to the structure of the federal savings insurance fund for credit unions were the top legislative requests made to a House […]
Four urgent problems – including digitalization of banking finance – face the banking system, the acting leader of the federal regulator of national banks told a House panel Wednesday. Acting Comptroller of the Currency Michael […]
While the supervisory framework of the Federal Reserve was tested – and found to work – in the face of the financial impact of the coronavirus crisis, there are other areas that were found to […]
Frequently asked questions (FAQs) about the Truth in Lending Act/Real Estate Settlement Procedures Act integrated disclosures (TRID) rule were updated recently to address housing assistance loans, including how the BUILD Act affects requirements for certain […]
Bank profitability remains “stressed” due to low interest rates and loan growth, the federal regulator of national banks said Tuesday, pointing to increased credit risk as the financial impact of the coronavirus crisis continues to […]
Current and potential digital asset activities – which are being “increasingly” explored by banks – are the subject of the latest information gathering by the federal insurer of bank deposits, the agency said Monday. In […]
The agency that issues federal bank and thrift charters on Tuesday said it plans to reconsider last year’s Community Reinvestment Act (CRA) final rule and said it “will not object” to banks suspending their work […]
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