Top headlines in today’s news …
The newly Growing Oaks Federal Credit Union, Goldsby, Okla., is expected to begin operations in December, the National Credit Union Administration (NCUA) said Tuesday. With a charter that became effective Aug. 7, Growing Oaks is […]
The Federal Reserve’s ongoing research and experimentation related to opportunities and risks associated with central bank digital currencies (CBDCs) was outlined by the central bank Thursday during an “Office Hours” event at the Federal Reserve […]
As the financial impact of the coronavirus became increasingly apparent this spring, top federal financial regulators intensified their interaction, meeting – typically by conference calls – more than 60 times from March through June, according […]
Individual capital requirements ranging from 13.7% to 7% for the 34 largest U.S. banks, effective Oct. 1, were released Monday by the Federal Reserve, with Goldman Sachs and Morgan Stanley at the top of the […]
A 2019 data breach affecting the personal information of more than 100 million credit card customers and credit card applicants of Capital One has yielded an $80 million civil money penalty for the bank and […]
A “target launch date” of 2023 or 2024 for the Federal Reserve’s new round-the-clock payments service was announced Thursday by the central bank, with a more specific time frame to be announced later “after additional […]
Black business owners declined by 41% from February to April 2020, the period of the initial financial impact of the coronavirus crisis, largely because of several factors, including that areas with high volume of virus […]
A new bank charter for a San Francisco-based financial institution, but expected to build a national footprint, was touted by the regulator of national banks Friday as representing the “evolution of banking.” In a release, […]
A federally chartered credit union will once again be able to seek to serve a combined statistical area (CSA) as a “well-defined” local community if that area has a population no greater than 2.5 million […]
Any relief banks may receive on their leverage ratio requirements through congressional action should only be temporary, the chair of the nation’s central bank said Wednesday – but he did indicate support for the provisional […]
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