Top headlines in today’s news …
Whether the new federal holiday of Juneteenth (marked for the first time as a federally observed break this past June) counts as a business day or federal holiday for purposes of mortgage rescissions and disclosures […]
Congress should revise recently adopted statutes on brokered deposits, and it should give the credit union regulator authority to examine (and enforce actions) over third-party vendors, two federal financial institution regulators said Tuesday in congressional […]
A couple frequently asked questions (FAQs) on the impact of the transition away from LIBOR (London Interbank Offered Rate) on regulatory capital instruments were issued Thursday by the federal agencies that charter banks and thrifts […]
Tools being used by the Federal Reserve and other regulators – including revamping of federal anti-redlining regulations – are effective methods for pushing more credit into lower income households, and not necessarily lowering capital standards […]
Climate change and its impact on the risk it presents to national banks took a bigger role Tuesday with the appointment by the banks’ regulator of a climate change risk officer and membership in a […]
Four advisory panels of the Consumer Financial Protection Bureau (CFPB) are set to meet publicly over a three-day period in August, three of them focusing on broad regulatory policy matters, recent bureau initiatives related to […]
Working together to jointly strengthen rules implementing anti-redlining laws is a commitment made by the three federal banking agencies Tuesday, according to a statement released by all three. The statement was released after one of […]
Rising concern about the growing use of “stablecoins” without a regulatory framework led to a meeting Monday of top banking regulators, the Treasury announced. Recommendations, based on the meeting and on a forthcoming report, are […]
The public portions of resolution plans (also known as “living wills”) submitted July 1 by eight large domestic banking firms – and targeted to address the institutions’ response to events surrounding the COVID-19 pandemic – […]
Simplifying deposit insurance rules for revocable and irrevocable trusts, and amending a rule on mortgage service accounts coverage, are addressed in a proposed regulation issued by the federal insurer of bank deposits Tuesday. In a […]
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