The countercyclical capital buffer (CCyB) that the Federal Reserve uses to increase the resilience of the financial system during times of heightened risk will remain at 0%, the Federal Reserve Board decided Friday. The CCyB […]
Large banks saw their losses rise to more than $600 billion under conditions simulated under a second stress test conducted by the Federal Reserve – but the banks’ capital ratios, despite the losses, would continue […]
How to spot warning signs of human trafficking is in the spotlight for a webinar next month sponsored by the federal credit union regulator, the agency said Monday. In a release, the National Credit Union […]
The newest member of the Federal Reserve Board of Governors has now taken his seat after taking the oath of office Friday via a video call, leaving just one seat open on the seven-member board. […]
Two new executives have been named to the federal consumer financial protection agency, one a new face and the other a “veteran” of the relatively new agency, which was formed after 2010 legislation. Jocelyn Sutton […]
A new title has been bestowed on the newest member of the three-member board for the federal credit union regulator, who is now “vice chairman,” according to a release from the agency on Friday. Kyle […]
The three federal banking agencies Friday jointly released a proposal requiring banks and banking organizations they supervise to promptly notify their primary federal regulator in the event of a computer security incident. The joint release […]
How banks are taking into account climate-related risk in their modelling and management of credit, market, liquidity, and operational risks will require over time the development of a framework for evaluating their efforts, a Federal […]
With barely two weeks left in 2020, the National Credit Union Administration (NCUA) Board on Thursday approved the agency’s final budget figures for 2021 and 2022 and approved a final rule that will, in time […]
Debt collectors must provide, at the outset of collection communications, detailed disclosures about the consumer’s debt and rights in debt collection, along with information to help consumers respond, under a final rule issued Friday by […]
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