A booklet updating principles and practices that examiners review to assess a bank or other entity for managing development, acquisition, and maintenance (DA&M) of information technology was released Thursday by the umbrella group for federal […]
A voluntary cybersecurity assessment tool will “sunset” in about one year after 10 years of use, the umbrella group for federal financial institution regulators said Thursday. The Federal Financial Institutions Examination Council (FFIEC) said it […]
A plan for dealing with accountability over sexual harassment allegations at the federal bank deposit insurance agency was approved by a 3-2 vote of the agency’s board late Wednesday – leading to dueling statements from […]
The minimum capital requirement for large banks again will be 4.5%, with a stress capital buffer requirement of at least 2.5%, the Federal Reserve said late Wednesday. The requirements are effective Oct. 1. This the […]
A pair of rules intended to safeguard the residential real estate and investment adviser sectors from unlawful finance by addressing “critical vulnerabilities in the U.S. financial system and to protect national security” were announced Wednesday […]
The temporary interest rate ceiling of 18% for loans made by federal credit unions (FCUs) will run through March 10, 2026, the federal credit union regulator reminded in a letter issued Tuesday. The National Credit […]
Three out of the eight major retail chains included in a sample reviewed by the federal consumer financial protection agency were found to charge “cash back” fees at the register, a practice that the agency […]
A beta platform for testing the collection of small business data mandated by federal requirements was unveiled Monday by the federal consumer financial protection agency, which invited financial institutions and their technology service providers to […]
Comments on a proposed rule that would tighten up some of the easing provisions of the federal bank deposit insurer’s 2020 brokered deposits rule will be due no later than Oct. 22, according to a […]
A 37-year veteran of the federal credit union regulator is retiring from the agency, it said Friday, naming an acting regional director for the position she most recently held. The National Credit Union Administration (NCUA) […]
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