The Comptroller of the Currency (OCC) on Thursday announced two enforcement actions from March: one removal and prohibition order, and one termination of a previous enforcement order. The prohibition was against Meg James, a former […]
A request for information (RFI) on climate-related financial risk to insured credit unions, related entities, their members, and the National Credit Union Share Insurance Fund (NCUSIF) was released by the federal credit union regulator’s board […]
The elimination under revised accounting rules of recognition and measurement of troubled debt restructurings (TDRs) by creditors, and removal of references to TDRs, led to issuance Friday of an interagency policy statement by the three […]
Tokenization and artificial intelligence (AI) are two areas of financial innovation that may have the potential to deliver substantial benefits, a member of the Federal Reserve Board said Thursday. Speaking to a conference focusing on […]
Protecting the U.S. financial system from cyber attacks, especially in the face of war in Ukraine, was the subject of a meeting Thursday of federal financial institution regulators and organizations representing state regulators, the Treasury […]
A “research note” that illustrates credit unions’ exposure to climate-related physical risks – with about one-fourth of insured credit unions reportedly found to be in areas with high or very high risk of negative impacts […]
“Open banking” – the practice of enabling consumer-permissioned sharing of financial data with third parties to empower consumers – is supported by the regulator of national banks, but not at the expense of dissolving banking’s […]
Tighter lending standards amid increased uncertainty and concerns about liquidity were reported by business contacts in several areas around the country, according to the results of the latest survey of business conditions by the Federal […]
Whatever may be the outcome, it’s important for the Federal Reserve to be engaged in ongoing discussions around central bank digital currencies (CBDCs), the Fed Board’s community bank representative said Tuesday in Washington. “[A]s the […]
An hour-long webinar on a simplified tool to help small credit unions implement the current-expected-credit-losses (CECL) accounting standard is slated for May 3 and open for registration now, the National Credit Union Administration (NCUA) said […]
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