Top headlines in today’s news …
Home loan applications in 2023 were down 30% – from 14.3 million in 2022 to 10 million – according to new home lending data released Thursday. However, the share of home purchase loans to Black, […]
Two new independent offices have been created within the federal bank deposit insurance agency to address claims of sexual harassment, discrimination, other forms of interpersonal misconduct, and claims of retaliation, the agency announced Friday. The […]
Weaknesses related to derivative portfolios were identified in the “living wills” of four of the largest banks in the nation, with one of the banks having a “deficiency,” federal banking regulators said Friday, following the […]
Banks with at least $100 billion in assets must develop and submit detailed plans demonstrating how they could be resolved “in an orderly and timely manner” under a rule approved Thursday by the board of […]
The next leader for the federal bank deposit insurance agency would be a Wall Street regulator and former Treasury Department official if the Senate confirms the nomination announced Thursday by the White House. Christy Goldsmith […]
An interpretive rule that applies some Regulation Z (Truth in Lending Act) requirements to lenders marketing “buy now, pay later” (BNPL) loans that are accessed through digital user accounts is set to take effect July […]
More than 15% of active FBI investigations in fiscal year (FY) 2023 were linked to anti-money laundering tools such as currency transaction reports (CTRs) and suspicious activity reports (SARs), the Treasury Department’s financial crimes enforcement […]
Establishing the process for recognizing data-sharing standards to comply with an upcoming “open banking” rule is the aim of final rule issued Wednesday, the federal consumer financial protection agency said. The Consumer Financial Protection Bureau […]
A “special inquiry” into the workplace culture of the federal bank deposit insurance agency is underway by the agency’s inspector general, “with respect to harassment and related misconduct,” according to a memo released by the […]
Martin Gruenberg, chairman of the board that oversees the federal bank deposit insurance agency, said he would step down from the post – and leave the agency – once a successor is confirmed by the […]
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