There are now officially five members of the Federal Reserve Board with the swearing in Monday of the newest member, Michelle W. (“Miki”) Bowman. Two seats remain open on the seven-member board. The Fed said […]
The Federal Deposit Insurance Corp. (FDIC) is removing from its roster of regulations some old rules on trust powers that were promulgated by the Office of Thrift Supervision (OTS), but it’s modifying FDIC rules to […]
Andrew Leventis, most recently the deputy chief economist for the Federal Housing Finance Agency (FHFA), will become the new chief economist for the National Credit Union Administration (NCUA) beginning Dec. 10, the agency announced Monday. […]
A much-anticipated Senate vote to confirm the next consumer financial protection bureau director is among the top items slated for the coming week, along with speeches about financial stability and monetary policy by the chairman […]
Rural communities can realize high-speed access to the Internet through broadband network initiatives financed by national banks and savings associations, and providing such financing can help banks support their own obligations under anti-redlining laws, according […]
A simpler capital framework for qualified banks and bank holding companies (BHCs) with less than $10 billion in total consolidated assets was proposed in a notice issued jointly Wednesday by the federal bank and bank […]
A report documenting the prevalence of natural disaster comment codes in credit records to shed light on current practices for natural disaster reporting by financial institutions in offering assistance to their customers or members has […]
Following up on its announcement Tuesday of a proposed ruling increasing the threshold for real estate appraisals, the federal insurer of bank deposits Wednesday issued a letter to insured banks and thrifts about the proposal […]
A proposed rule to update and clarify the federal credit union regulatory agency’s requirements for fidelity bond coverages at corporate and natural-person credit unions was published Friday (Nov. 23) in the Federal Register, with comments […]
Dollar thresholds have been set at $57,200 for determining exempt consumer credit and lease transactions in 2019, the Federal Reserve and the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) said in […]
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