The Federal Reserve will be “in the near future” seeking public comment on its “living will” guidance for U.S. and foreign firms, the central bank’s top supervisor said Wednesday. Federal Reserve Vice Chairman for Supervision […]
Banks and savings institutions in Indiana and North Carolina affected by severe weather, including a tornado in N.C., are being encouraged by their federal deposit insurer to “work constructively” with borrowers facing difficulties beyond their […]
A study conducted in 2016 showed that “encouraged shopping” – the additional shopping prompted by encouraging borrowers to shop – increases consumers’ knowledge about and confidence in their ability to deal with mortgage-related issues, the […]
“Cryptocurrencies” may be innovative devices presenting challenges to investor and consumer protections and to anti-money-laundering efforts at central banks, but they also hold promise for strengthening financial instruments and markets, a member of the Federal […]
First-quarter financial results – including earnings – for federally insured banks and savings associations will be announced May 22, the Federal Deposit Insurance Corp. (FDIC) said Tuesday. A briefing will be hosted by FDIC Board […]
About 2,400 bankers and others joined a teleconference sponsored by federal bank regulators Tuesday to hear details about new capital rules proposed by the agencies to help financial institutions prepare for new accounting standards that […]
A 2010 cease-and-desist order against Barclays Bank plc (London, England) and its branch in New York City over violations of Office of Foreign Assets Control (OFAC) requirements was terminated by the Federal Reserve Board May […]
Responses to the annual “summary of deposits” (SOD) for branch offices are due July 31, which must be collected using the “central data repository” (CDR) from an individual holding an account with the data-collecting center, […]
Richard Clarida and Michelle (“Miki”) Bowman told lawmakers Tuesday that, if they are confirmed to seats on the Federal Reserve Board, they would support the Fed’s dual mandate of maximum employment and stable prices as […]
At least 400 comment letters had been posted by Monday’s deadline for the third “request for information” (RFI) issued by the federal consumer financial protection agency on its “enforcement processes.” Of those, the overwhelming majority […]
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