Federal flood insurance requirements that open the door to private flood insurance beginning this summer are summarized for supervised banks and thrifts in a Financial Institution Letter issued Wednesday by the Federal Deposit Insurance Corp. […]
A final rule providing the option for financial institutions and firms to phase in over a three-year period the day-one regulatory capital effects of the “current expected credit losses” (CECL) accounting methodology is finally scheduled […]
Payments industry leaders with specific expertise have only until Thursday, Feb. 14, to express their interest in joining a new Fraud Definitions Work Group led by the Federal Reserve and focused on developing recommendations for […]
The new director of the Consumer Financial Protection Bureau (CFPB) has issued her first semiannual report to Congress in which she describes the actions covered in the report – from April 1 to Sept. 30, […]
Compliance and operational risks will be the subjects of two workshops for bank directors next month, sponsored by the federal regulator of national banks. The Office of the Comptroller of the Currency (OCC) said in […]
The financial needs of many rural and underserved communities may be overlooked, particularly as banks deploy online and other “non-branch delivery systems,” but revisions to rules implementing anti-redlining law may be a way to encourage […]
The Federal Reserve Tuesday became the fourth – and final – federal financial institution regulator to sign on to new flood insurance reform provisions, the agency announced in release. The provisions had previously been approved […]
An extension in the public comment period – to March 31 – will be added to a request for information (RFI) related to applications for deposit insurance by the federal insurer of bank deposits, according […]
The federal regulator of national banks has set an adjusted “comments due” date of March 14 to its proposed rule on stress testing for banks and savings associations, a result of the 35-day, partial government […]
Additional details from Office of Inspector General (OIG) investigations of reportedly lavish spending on travel, meal and alcohol expenditures by the agency’s board chairman and chief of staff have been posted on the website of […]
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