Top headlines in today’s news …
Credit risk, particularly among institutions with concentrations of credit, and market risk with an interest-rate environment presenting earning and funding challenges to banks are the key hazards for banks in the months ahead, especially as […]
Extension of deadlines to 2021 for filing the next round of “living wills” for nearly 100 large banks – mostly foreign, and some domestic – was announced Friday by federal banking regulators, as the agencies said the […]
Comments on two controversial proposals by the federal regulator of credit unions are due, and the chair of the Federal Reserve meets the press about interest rates and (likely) other issues regarding the Fed – […]
The federal agency charged with consumer financial protection on Thursday issued an advance notice of proposed rulemaking (ANPR) that asks, among other things, whether a direct measure of a consumer’s personal finances – such as […]
In an unusual proposal, five debt collectors will settle a complaint with the federal consumer financial protection bureau by agreeing to be banned from the industry and pay fines and redress of $60 million. But […]
A council of federal financial regulatory inspectors general created in the aftermath of the financial crisis identifies seven “top management and performance challenges” facing their respective regulatory organizations – including ongoing challenges related to cyber […]
Banks with significant and far-reaching retail-oriented business activities should have well-documented fraud risk management programs with appropriate monitoring, measurements and reporting, and mitigation, the regulator of national banks advised in a bulletin Wednesday. The Office […]
A final rule for credit unions that raises to $1 million the threshold for commercial real estate transactions subject to required appraisals from state-certified appraisers was approved Thursday by the National Credit Union Administration (NCUA) […]
Federal financial institution regulators are likely to advise privately held banks, credit unions and others that they have one more year to comply with new “current expected credit loss” (CECL) accounting standards following a proposal […]
No action will be taken enforcing Volcker Rule restrictions for certain foreign funds by the federal banking agencies for an additional two years, the agencies said Wednesday. In a release, the Federal Deposit Insurance Corp. […]
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