Federal Reserve Board (FRB) Chair Jerome H. (“Jay”) Powell said Wednesday he stands behind the Basel III endgame changes outlined Sept. 10 by the board’s vice chair for supervision and that he was involved in […]
The percentage of performing mortgages declined slightly in the second quarter from the previous quarter, but remained at levels recorded a year ago, the regulator of national banks said Wednesday. The Office of the Comptroller […]
A proposed rule to strengthen insured depository institutions’ recordkeeping regarding third-party deposits by fintechs to protect the owners of those funds was issued for comment by unanimous vote Tuesday of the Federal Deposit Insurance Corp. […]
Enhancing the transparency around the process of reviewing bank mergers under federal law, and providing guidance to stakeholders around the review of applications, is the aim of a rule and policy statement addressing the mergers […]
Guidance aimed at stopping banks from charging overdraft fees based on so-called “phantom opt-in agreements,” which allegedly occur when fees are charged even though there is no proof banks have consent to do so, was […]
The federal bank deposit insurer’s governing board is set to meet Tuesday in open session on a final policy statement on bank merger transactions and a proposed rule related to custodial accounts and deposit insurance. […]
Charges of deceptive marketing aimed at allegedly luring customers to pay illegal and excessive membership fees – and make it “unreasonably difficult for consumers to cancel memberships and obtain refunds – are part of a […]
Input on bank-fintech arrangements involving banking products and services is now due a month later than originally scheduled, the federal banking agencies said late Friday. In a series of releases, the agencies said responses to […]
Third-quarter and fourth-quarter schedules of examinations for banks’ compliance with the anti-redlining Community Reinvestment Act (CRA) were released recently by federal banking regulators. The 1977 statute requires the Office of the Comptroller of the Currency […]
Growing signs of concern in loan performance, capital, and earnings as deposit levels have dropped are among the takeaways cited by the board chairman of the federal credit union regulator as his agency released mid-year […]
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