Top headlines in today’s news …
Banks made 1.5% less money in 2019 than the previous year, but still cleared more than $233 billion in profits – the second-highest ever, the federal insurer of bank deposits said Tuesday. In releasing fourth-quarter (and […]
May will be a big month for two rules – through proposed amendments to “qualified mortgage” (QM) regulations and finalized remittances regulations – from the federal consumer financial protection agency, its director said Tuesday. Specifically: […]
Taxi medallion loans, held since several credit unions making the advances were liquidated in 2018, have been sold by the federal credit union regulator, the agency said Wednesday. In a release, the National Credit Union […]
The public comment period on two federal banking regulators’ controversial proposal to revise federal anti-redlining rules has been extended 30 days to April 8, the agencies announced Wednesday. The Federal Deposit Insurance Corporation (FDIC) and […]
JPMorgan Chase bank ranks at the top of the largest banks in three key measures for monitoring their systemic risks to the global financial system, according to a report issued Tuesday by the federal agency […]
A new financial reference rate, published in 30-, 90- and 180-day averages, will be made public beginning March 2 as the “Secured Overnight Financing Rate” (SOFR), in a key step for replacing the London Interbank Offered […]
One-third of the regulations published by the federal regulator of credit unions is under review this year, and the agency is accepting input on those rules until Aug. 3. The National Credit Union Administration (NCUA) […]
No decision has been made yet on a separate proposal from the Federal Reserve to reform anti-redlining rules, the chairman of the agency’s board said Tuesday. Meanwhile, discussions between that regulator and other federal banking […]
– UPDATE: 2020 stress test results out; share buybacks prohibited, dividends capped for 3rd quarter; see story – Hypothetical scenarios for 2020 stress test exercises to evaluate the ability of 34 large banks with more […]
The “qualified mortgage” (QM) rule will be amended by moving away from the 43% debt-to-income (DTI) ratio requirement to a new threshold, according to a proposal outlined by the director of the federal consumer financial […]
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