The nation’s top banking regulator pitched the federal charter to foreign banking organizations (FBOs) that would set up branches in the U.S. and promoted his agency’s recent creation of a path to a federal fintech […]
Consumer demand for small dollar lending products at federally insured banks and savings associations is one of the topics being sought for comment in a “request for information” (RFI) from the public issued by the […]
Federally insured credit unions are encouraged to complete a 2018 voluntary diversity self-assessment and to submit it to their federal regulator’s Office of Minority and Women Inclusion (OMWI) before Dec. 31, the regulator said in […]
The 2018 version of Money Smart for Adults, an instructor-led financial education curriculum, was released Wednesday by the Federal Deposit Insurance Corp. (FDIC). FDIC, which developed the curriculum, says instructors can use the fully scripted […]
A request for comments on actions to support faster payments through real-time interbank settlements will finally become official Thursday when the notice is published in the Federal Register. In early October, the Federal Reserve said […]
(In the under-2-minute video, Rep. Maxine Waters (D-Calif. and ranking member of the House Financial Services Committee) contrasts deregulation efforts by the Federal Reserve in the wake of the financial crisis, while banks continue to […]
A proclamation allowing national banks, federal savings associations, and federal branches and agencies of foreign banks affected by wildfires and high winds in California to close was issued Tuesday by the Office of the Comptroller […]
A policies and procedures manual (PPM) regarding enforcement actions against institution-affiliated parties of national banks, federal savings associations, and federal branches and agencies of foreign banks (collectively, banks) was issued Tuesday by the Office of […]
The growing use of artificial intelligence (AI) applications poses its own challenges to financial system regulators – for example, how to mitigate risk without blocking expanded access to services – but current regulatory and supervisory […]
Banks eased standards and terms for commercial and industrial (C&I) loans in the face of weaker demands for those loans during the third quarter, according to a report issued Tuesday by the Federal Reserve. In […]
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