Top headlines in today’s news …
Ensuring a strong and resilient financial system, with increased capital and liquidity requirements for large banks, was among the accomplishments cited by the chair of the Federal Reserve in testifying for himself for another term […]
Three days after the announcement of the resignation of its board chairman, effective in February, the federal bank deposit insurer was silent on what lies ahead for the leadership of the agency. Also silent: The […]
Wild swings in the use of online/phone card payments, and those made in person, in successive years are outlined in updated results to the Federal Reserve’s payments study, released Wednesday – which also found that […]
Landlords and mortgage servicers with military servicemembers and veterans as tenants and clients were put on notice about housing protections in letters sent Monday by the federal consumer financial protection and top federal law enforcement […]
Input on how to modernize and streamline the United States’ anti-money laundering and countering the financing of terrorism (AML/CFT) regime, carried out under the Bank Secrecy Act (BSA), is sought in a request for information […]
The board chairman of the federal bank deposit insurer on Tuesday ruled “out of order” another board member’s effort to bring issuance of a request for information (RFI) on bank merger policy before the board […]
Support for reviewing Bank Merger Act (BMA) guidelines was cited by a third member of the board of the bank deposit insurance fund, according to his statement issued Tuesday. Michael J. Hsu, acting comptroller of […]
Creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022, a final rule issued Tuesday by the federal consumer financial protection agency states, which includes closed- and open-end credit provisions that […]
Credit unions improved their net worth ratios in the third quarter compared to the previous quarter, and kept their return on aggregate average assets stable, according to call report results released Monday by their federal […]
Three of the nation’s largest banks brought in more than two of every five dollars charged in overdraft fees in 2019, while smaller financial institutions – which charged less on average – were also heavily […]
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