Top headlines in today’s news …
Comments are due Sept. 17 about proposed guidance on third-party risk management at banks – including that related to deals with financial technology (fintech) firms – issued by the federal banking agencies, according to the […]
A proposed rule on a “complex credit union leverage ratio” is slated for consideration during next week’s open meeting of the National Credit Union Administration (NCUA) Board. The meeting, set for 10 a.m. next Thursday, […]
Globally consistent, comparable, and reliable disclosures as well as a broader set of high-quality, relevant data together can provide the basis to assess the risks of climate change, particularly on financial stability, the vice chair […]
A new federal credit union (FCU) sponsored by a community development financial institution (CDFI) has been chartered to serve the approximately 550,000-person community of Lancaster County in Lancaster, Pa., the National Credit Union Administration (NCUA) […]
An interagency statement Wednesday by federal and state financial institution regulators gives supervised institutions a heads up to plans for future Bank Secrecy Act (BSA) rule changes to incorporate just-issued national priorities for anti-money laundering […]
Anyone seeking a Federal Reserve ally for a central bank digital currency (CBDC) should look beyond the agency’s top supervisor, Randal Quarles – in his view, it’s not likely to happen. In a speech Monday, […]
More than $865 million will be distributed by September to credit unions that were account holders at three failed corporate credit unions as the federal credit union regulator closes its program to resolve the institutions, […]
The 23 banks that participated in the 2021 stress tests by the Federal Reserve demonstrated continued strong capital levels and the continued ability to lend during a hypothetical severe recession, the Fed said Thursday. It […]
With the House voting Thursday to join the Senate in overturning the “true lender rule” by the federal regulator of national banks, the acting chief of the agency said it would respect the decision by […]
A rule that removes the prohibition on federally insured credit unions’ (FICUs) financing of interest in connection with loan workouts and modifications was approved Thursday on a unanimous, 3-0 vote of the National Credit Union […]
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