Recommendations for, among other things, recovering at least $47,500 in information technology (IT) support costs termed “not adequately supported” or “unallowable” were made in recent Office of Inspector General (OIG) report to the Federal Deposit […]
Older adults who save money and engage in day-to-day money management – as well as those who set financial goals, consult a budget and prepare action plans — have greater financial well-being than those who […]
Comments will be due Feb. 15 on a proposal – first announced Oct. 30 – to implement a new approach under regulatory capital rules for financial firms to use in measuring counterparty credit risk posed […]
Two Wyoming bank employees who were ordered by a court in April to pay that bank a collective $2.2 million in damages – related to, among other things, their misappropriation of confidential and proprietary information […]
Deposits at federally insured banks continued to grow over the past year, but at a slower rate than in recent years, the Federal Deposit Insurance Corp. (FDIC) reported in its latest quarterly report released Thursday. […]
A one-basis-point reduction, from 1.39% to 1.38%, in the “normal operating level” (NOL) of the federal share (deposit) insurance fund for credit unions was approved by the National Credit Union Administration (NCUA) Board Thursday on […]
The current expected credit losses (CECL) accounting methodology adopted by the accounting industry’s governing board is among the items included on a preliminary executive agenda for a planned Dec. 19 meeting of the Financial Stability […]
Three federal bank regulatory agencies will hold a 90-minute teleconference Dec. 18 for bankers to discuss the optional community bank leverage ratio (CBLR) framework proposed for qualifying institutions under $10 billion in assets. According to […]
A test program in which federal and state regulators will test approaches for alternating examinations of federally insured, state-chartered credit unions (FISCUs) starts Jan. 1 and will continue for three years, state and federal regulators […]
The 2019 operating budget and an update on projected losses for the insurance fund that covers deposits in the nation’s banks will be discussed at a meeting of the Federal Deposit Insurance Corp. (FDIC) Board […]
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