Top headlines in today’s news …
Answers to frequently asked questions (FAQs) related to suspicious activity report (SAR) rules and other anti-money laundering (AML) considerations were issued jointly Monday by the four federal financial regulatory agencies. The FAQs from the Federal […]
The new Biden administration instituted a “regulatory freeze” order on Wednesday, requiring that no new rules be proposed or issued until a Biden-appointed official has reviewed or approved the rule. The order also requires that […]
Noting that she was doing so at the request of the new Biden administration, Consumer Financial Protection Bureau (CFPB) Director Kathleen (“Kathy”) Kraninger resigned Wednesday shortly after 12:45 p.m. ET. She had served about 25 […]
A continued focus on the challenges posed by the ongoing coronavirus (COVID-19) pandemic and steps to enhance the agency’s offsite monitoring of credit unions’ condition are among the highlights in a letter Friday on 2021 […]
A $3.5 million fine has been assessed against the former Wells Fargo Bank general counsel in a settlement following charges that he and other executives helped to maintain a business model that urge workers at […]
Three proposed rules, an advance notice of proposed rulemaking (ANPR), and a final rule were issued during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board, with two of the actions addressing yet […]
A final “fair access” rule codifying that banks should conduct risk assessments of individual customers was issued Thursday by the national bank regulator, just 10 days after the comment period closed. The rule takes effect […]
The application of artificial intelligence (AI) in financial services and risk management is possibly the target of a “request for information” to be issued by federal financial institution regulators, a governor of the Federal Reserve […]
Vaccines and their distribution to combat the spread of COVID-19 disease have brightened the outlook for the economy this year and beyond, the vice chair of the Federal Reserve said Friday. In remarks via webcast […]
The three federal banking agencies Friday jointly released a proposal requiring banks and banking organizations they supervise to promptly notify their primary federal regulator in the event of a computer security incident. The joint release […]
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