About 12.3 million persons, including consumers, used the federal consumer financial protection agency’s internet-based and print educational resources last year, exceeding the target total by 4 million, the agency said Dec. 23. In its financial […]
New asset-size thresholds used to define small- and intermediate small-sized banks and savings institutions under anti-redlining rules take effect Wednesday, the first day of 2020, the federal banking agencies said Monday. According to a Federal […]
Extended hours to accommodate same-day automated clearing house (ACH) processing and settlement in 2020 were approved by the Federal Reserve last week (Dec. 23). The Fed said the extended hours will closely follow those already […]
Federal banking agencies will exercise discretion to not take enforcement action against banks or asset managers lending to investment fund-controlled companies under certain conditions, the federal banking agencies said Friday. In issuing its “no action” […]
Leveraged lending at banks is on the rise, presenting greater risk and leading to greater scrutiny of the practice by regulators, the federal insurer of bank deposits said in a Dec. 23 report. “Leveraged lending […]
Banks, credit unions and savings associations with assets of $47 million or less as of Dec. 31 are exempt from collecting data in 2020 under Regulation C, the federal consumer financial protection agency Monday in […]
The comment period on a proposal to change swap margin rules will be reopened and extended to Jan. 23, the three federal banking regulators and two other federal regulators said Friday. The Federal Deposit Insurance […]
Regulatory Report is taking a holiday break, Monday, Dec. 23 through Friday, Dec. 27. However, if significant news during that time develops, we will cover as necessary. Happy holidays to all of our subscribers and […]
Two of three individuals working at JPMorgan Chase Bank, N.A., who were indicted in August of commodities fraud involving precious metals trading have been suspended from their positions at the bank and barred from any […]
An examination module addressing risk management is now updated with a new appendix focusing on exam processes and tools, the federal insurer of bank deposits said Friday. Citing its aim to increase transparency into the […]
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