A competition to develop technology for a timelier and less burdensome financial reporting process – particularly for community banks – has resulted in 14 companies being selected by the Federal Deposit Insurance Corp. (FDIC) to […]
A derivatives proposal to make the agency’s regulation less prescriptive and more principles-based – and expanding federal credit unions’ (FCUs) authority to purchase and use derivatives as part of their interest-rate risk (IRR) management – […]
A final rule intended to update, clarify, and simplify the agency’s regulation on corporate credit unions – including their investment in credit union service organizations (CUSOs) – was issued by unanimous vote Thursday of the […]
USAA, Federal Savings Bank was assessed an $85 million civil money penalty under a consent order with the Office of the Comptroller of the Currency (OCC) over violations of the Military Lending Act (MLA) and […]
A ”concrete set of proposals” for addressing non-bank financial institutions’ (NBFI) growth as financial intermediaries will be presented to the G20 Summit next month, the Federal Reserve’s top supervisor said Wednesday. Federal Reserve Board Vice […]
A letter outlining key considerations for banks’ and savings institutions’ third-quarter Consolidated Reports of Condition and Income (call reports) was issued Wednesday by the federal bank deposit insurer, which included supplemental instructions related to capital […]
A $4 million civil money penalty and up to $1 million in consumer redress must be paid by Nissan Motor Acceptance Corporation, an auto financing subsidiary of Nissan North America, Inc., under a consent order […]
Technical and “clarifying” updates to the information availability rules followed by the Federal Reserve’s interest rate-setting committee were proposed by the agency Wednesday. According to the Fed, the proposal updates the procedures for requesting access […]
One interim final and two final rules – including a final regulation on the net stable funding ratio (NSFR), liquidity risk measurement standards and disclosure requirements – will be considered by the board of the […]
The second release of data entry software (DES) for financial institutions reporting their 2020 reporting compliance with anti-redlining rules is ready, the umbrella group for federal regulators said Tuesday. In a release, the Federal Financial […]
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