Top headlines in today’s news …
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 […]
Analysis of central bank digital currencies (CBDCs), and their uses, will be aided by the just-opened New York Innovation Center, the chair of the Federal Reserve said Monday in opening the new facility. Federal Reserve […]
A so-called roadmap for providing greater public clarity throughout 2022 on issues surrounding banking institutions’ involvement in crypto-assets was released as part of a joint statement Tuesday by federal banking agencies. “As supervised institutions seek […]
Referring to “decisive action” taken by his respective nominees to be chair and vice chair of the Federal Reserve Board, President Joe Biden (D) Monday said both Jerome H. (“Jay”) Powell and Lael Brainard had […]
A final rule on requiring banks’ notification to federal regulators of certain cyber incidents with potentially systemic impacts was approved jointly Thursday by federal banking agencies. The rule is set to take effect April 1, […]
A final rule that eliminates the requirement that a multiple-common-bond federal credit union (FCU) have an ownership interest in a shared “service facility” for a new group or underserved area was approved unanimously Thursday by […]
The use of stablecoins deserves a look – and issuance should be broader than just that by banks and credit unions, the newest Federal Reserve Board governor indicated in a speech delivered Wednesday. Speaking via […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info