Thomas E. Workman was confirmed by the Senate Wednesday to a six-year term as a member of the Financial Stability Oversight Council (FSOC). He serves as the council’s independent representative having insurance expertise and is […]
A final rule to increase the threshold level at or below which appraisals are not required for commercial real estate transactions from $250,000 to $500,000 was approved by the board of the federal deposit insurance […]
Numerous recommendations related to improving interagency coordination on fintech – including addressing competing concerns on financial account aggregation, and evaluating whether it would be feasible and beneficial to adopt regulatory approaches similar to those undertaken […]
The National Credit Union Administration’s Office of Inspector General issued two reports in mid-March on 1) the agency’s records management program and 2) its charge card programs. The records management audit showed no comprehensive program […]
A former employee of Frost Bank in San Antonio would be permanently barred from working in a federally insured financial institution under a notice filed by the Federal Reserve Thursday for misappropriating money from a […]
Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]
Inherited regulations and rulemaking authorities are topics for the ninth “request for information,” issued Thursday, by the Consumer Financial Protection Bureau (CFPB) in the agency’s efforts to uncover “evidence” that it is doing the job […]
A Volcker rule exemption, more extended-exam-cycle eligibility for small banks and protection for veterans from negative credit reporting when payments for medical services are held up due to federal administrative processes were among the bills […]
The banking system, particularly among the large institutions, is experiencing low levels of vulnerability today – and if some weaknesses do arise, regulators have a greater ability to deal with those than before the financial […]
The Consumer Financial Protection Bureau (CFPB) is extending the public comment deadlines for three of its requests for information (RFIs) under a call for evidence regarding the bureau’s proper execution of its consumer protection function. […]
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