The banking industry showed both resiliency and stability during the 2020 financial impact of the coronavirus crisis, but credit and market risks remain ahead, according to the 2021 Risk Review released Tuesday by the Federal […]
How a new market reference rate can be used now and what factors market participants should consider before selecting an alternative rate are outlined in a new guide announced Tuesday. In a release, the Alternative […]
While saying his immediate focus as acting comptroller of the currency will be “solving urgent problems and addressing pressing issues,” Michael J. Hsu also said Monday that he will be announcing a “review of key […]
A proposed rule to prohibit false advertising or misleading representations of deposit insurance, or using the Federal Deposit Insurance Corp. (FDIC) name or logo in a manner to imply an uninsured product is backed by […]
Zunera Mazhar is the new deputy director of the office of innovation at the federal insurer of bank deposits, where she will guide promotion of the adoption of innovative technologies at the agency and at […]
Umpqua Bank of Roseburg, Ore., was ordered last week to pay a $1.8 million civil money penalty by a banking agency that cited it for deceptive and/or unfair practices related to certain collection fees and […]
A former employee of Alaska Air Group Federal Credit Union (SeaTac, Wash.) is barred from any future involvement in federally insured depository institutions under an order announced Monday by the federal credit union regulatory agency. […]
The “appetite for risk” has increased broadly over the last year, largely because of “stretched valuations” of assets – which, together with high levels of corporate indebtedness bear watching because of the potential to amplify […]
Debit card issuers should enable, and allow merchants to choose from, at least two unaffiliated networks for card-not-present debit card transactions, such as online purchases, the Federal Reserve proposed Friday. The agency said its proposed […]
Michael J. Hsu will become acting Comptroller of the Currency May 10, the Treasury Department said Friday following a designation by Secretary Janet Yellen. The Treasury said current Acting Comptroller Blake Paulson – who has […]
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