Top headlines in today’s news …
An advance notice of proposed rulemaking for an “approach” to modernization of rules implementing the anti-redlining Community Reinvestment Act (CRA) was released by the Federal Reserve Board during its open meeting Monday by unanimous vote […]
Hypothetical scenarios for a second round of bank stress tests – to be conducted due to continued uncertainty related to the coronavirus crisis – were released Thursday by the Federal Reserve. The Fed said that […]
Federal credit union regulators, for now, have no plans to assess a premium on insured credit unions despite the deep decline from December 2019 to June 2020 in the equity ratio of the fund that […]
An outline of proposals under consideration for the collection of data on women-owned, minority-owned, and small businesses that could apply to depository institutions with assets of $600 million or less was released Tuesday by the […]
Federal Reserve Board Nominee Judy Shelton “does not have the votes” to be confirmed to the seat, according reports Tuesday citing a member of the Republican Senate leadership team. According to the report, Sen. John […]
Assessment rates will remain unchanged for institutions insured by the federal bank deposit insurance fund under a restoration plan adopted Tuesday for the agency’s insurance fund, which has been diluted by the massive influx of […]
A “self-initiated” review by the inspector general’s office of the federal regulator of credit unions concludes that the agency should continue to seek statutory authority for direct examination and enforcement authority over credit unions’ third-party […]
The federal research office charged with helping to promote financial stability on Wednesday announced the launch of two data tools which will inform the public about U.S. repo and short-term funding markets, which together can […]
Rules that modify the community bank leverage ratio, ease automatic restrictions on dividend and other distributions and allow banks to mitigate the impact for two years of new accounting standards related to credit losses were […]
Insured banks saw rapid deposit growth during the second quarter and a deep decline in net income, year over year, amid ongoing economic strains related to the coronavirus (COVID-19), the Federal Deposit Insurance Corp. (FDIC) […]
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