Federally supervised banking organizations were warned Thursday of heightened cybersecurity risk amid current global tensions in a joint statement by two federal banking regulators. “The Department of Homeland Security has indicated there is heightened risk […]
Judy Shelton and Christopher Waller were given the go-ahead by the White House late Thursday for seats on the Federal Reserve Board. In a message to the Senate, President Donald Trump formally announced his “intention […]
Updates to modules on banking and credit in the Money Smart for Small Business curriculum were released Thursday by the Federal Deposit Insurance Corp. (FDIC) and Small Business Administration (SBA), the bank deposit insurer announced. […]
A proposed rule to allow some federally insured credit unions (FICUs) to count subordinated debt as capital for risk-based net worth purposes will be considered by the board of the federal credit union regulator at […]
A former personal banking representative at Santander Bank, N.A. (Wilmington, Del.) who reportedly withdrew more than $46,000 from customers’ accounts without authorization was permanently barred from any involvement or future service in any federally insured […]
The leader of a five-year information technology modernization plan has been named the new chief information officer (CIO) for the federal insurer of bank deposits, the agency said Thursday. Sylvia Burns, who joined the Federal […]
A “cost of compliance survey” developed to measure expenses related to collection of information about applications for credit made to financial institutions by women-owned, minority-owned, and small businesses will be released for comment by the […]
As regulatory burdens have risen, community banks have scaled back their mortgage lending, a governor of the Federal Reserve asserted Thursday, calling that a challenge to the overall housing sector. In a speech, Fed Gov. […]
The chair of the Federal Reserve and the president of the United States rekindled their sometimes-fraught relationship in November with a 30-minute meeting, ending a six-month apparent moratorium on direct engagements between the two. According […]
Lending was growing modestly in most Federal Reserve districts during the latest quarter, but some districts still reported “flat” or even “declining” growth in borrowing, according to the latest report from the banks issued Wednesday. […]
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