Top headlines in today’s news …
Christopher Waller’s nomination to the Federal Reserve Board was confirmed in the Senate Thursday by the sparest of margins, with senators voting 48-47 to approve the president’s pick to fill the unexpired term of Sarah […]
The president’s nomination of Kyle Hauptman to a seat on the board of the federal agency that regulates credit unions was confirmed by the Senate Wednesday on a bipartisan vote of 56-39, clearing the way […]
Banks reported improved profitability in the third quarter of the year compared with the first half of the year, but their combined net interest margin fell to a record low, the federal insurer of banks […]
The nomination of Christopher Waller to be a member of the Federal Reserve Board moved forward in the Senate late Monday, with a confirmation vote likely to come later in the week, according to press […]
Banks, “as soon as practicable,” should cease entering into new contracts that employ a widely used reference rate that is being phased out, the three federal banking agencies in a statement issued Monday. The recommendation is […]
A $250 million civil money penalty was assessed against JPMorgan Chase Bank, N.A. (Columbus, Ohio) by the Office of the Comptroller of the Currency (OCC) over past “unsafe or unsound practices” related, among other things, […]
Rodney Hood, the current chairman of the National Credit Union Administration (NCUA) Board, issued a brief statement Monday thanking J. Mark McWatters, who resigned Friday, for his service on the board. “Board Member Mark McWatters’ […]
Banks should provide access to services, capital, and credit based on the risk assessment of individual customers – including oil and other energy companies – rather than broad-based decisions affecting whole categories or classes of customers, […]
Work needs to accelerate early next year to move away from an obsolete reference rate used as a benchmark in some loans, a report issued Friday by an international group of financial regulators said, noting […]
The last time the federal credit union regulator disclosed the equity ratio of the insurance fund that protects credit union member deposits was in September, and that ratio – 1.22% – was 16 basis points […]
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