Top headlines in today’s news …
Three proposed rules tailoring regulation for foreign banking organizations (FBOs), altering the “living wills” development process for larger banks, and considering further changes to the resolution planning process, were released for comment Tuesday by the […]
Ten priority recommendations for the Federal Reserve, in three areas, are identified in a letter to the central bank by the congressional watchdog that “could significantly improve the Federal Reserve’s efforts to more effectively oversee […]
Bank regulators need to create a supervisory environment that does not hinder integration of responsible innovation into the strategic direction a bank chooses, the Federal Reserve’s community bank representative said Thursday. “Supervisors need to recognize […]
In a surprising move Monday, incoming National Credit Union Administration (NCUA) Board Member Rodney E. Hood was designated chairman of the agency panel by President Donald Trump. Hood was sworn into office by his predecessor […]
Updated “frequently asked questions” (FAQs) about the new accounting standard on credit losses hit the street Wednesday, combining new questions and answers with those issued two and three years ago and replacing others. The Federal […]
Complaints about credit or consumer reporting, for the second straight year, was the leader in 2018 as the “most-complained about” consumer financial product or service, according to the federal consumer financial protection agency’s Consumer Response […]
“Interconnectedness” of large banking organizations would be limited under a proposal issued by the federal banking agencies Tuesday and aimed at reducing the impact of a failure of a large financial firm. The Federal Deposit […]
An inspector general report on three credit unions that failed in 2018 under the weight of taxi medallion loans, costing the federal share insurance fund an estimated $765.5 million, recommends that the federal regulator improve […]
The head of the consumer financial protection agency will chair the umbrella Federal Financial Institutions Examination Council (FFIEC) through March 31, 2021, the council announced Monday. Kathleen (“Kathy”) Kraninger, director of the Consumer Financial Protection […]
Federal Deposit Insurance Corp. (FDIC) Board Member Martin Gruenberg said he voted against issuing the letter to Northern Trust Corp. regarding its living will, citing unrealistic assumptions about the bank’s proposed transfer of uninsured and […]
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