A final rule to address parent companies of industrial loan companies and banks, a proposed rule to amend suspicious activity report (SAR) regulation at banks, and a 2021 agency operating budget of $2.28 billion were […]
Updates to the Servicemembers Civil Relief Act (SCRA) section of the Consumer Compliance Examination Manual (CEM) of the federal bank deposit insurer were released Tuesday, the agency said in an announcement. The Federal Deposit Insurance […]
A rule narrowing the scope of brokered deposits and redefining market interest rates to include those paid by credit unions (for the first time) when setting restrictions was approved by the board of the federal […]
The nation’s central bank has formally joined the Network of Central Banks and Supervisors for Greening the Financial System, or NGFS, a group of central banks and supervisory authorities formed in 2017 that supports the […]
Smaller financial institutions are generally supportive of rules requiring reporting of small business lending data in order to build a better understanding of the lending market, according to feedback released Tuesday by the federal consumer […]
Five new regulatory activities will be taken on by the federal consumer financial protection bureau through the rest of this year, and into the spring of 2021, the agency said Friday. In addition, the Consumer […]
The federal credit union regulator’s board officially has three members with the most recent member to join taking the oath of office Monday, according to a release from the agency. Kyle S. Hauptman was sworn […]
Banks and savings institutions reporting small-business lending data under the Community Reinvestment Act (CRA) said they originated and purchased an aggregate $264.9 billion in such loans during 2019, according to data made available Monday by […]
A period of “no-action” relief for certain noncleared legacy swaps affected by “Brexit” – or the United Kingdom’s (UK) withdrawal from the European Union (EU) – and the expiration of certain “passporting” rights was announced […]
The agency’s 2021 budget and two final rules – one on a combined regulation on brokered deposits and interest rate restrictions – highlight the agenda for the board of the federal insurer of bank deposits […]
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