Top headlines in today’s news …
Thirteen of the 18 financial firms subject to the Comprehensive Capital Analysis and Review (CCAR) exercise in 2019 need not worry about a potential “qualitative objection” from the Federal Reserve in this cycle, as the […]
Federally insured credit unions will receive an equity distribution of more than $160 million this year from the fund that insures savings in the institutions, the credit union federal regulator said Thursday. In a release, […]
An advance notice of proposed rulemaking (ANPR) on whether to revise Regulation D to reduce the rate of interest paid on excess reserve balances (IOER) held at the Federal Reserve Banks by “eligible institutions” that […]
Repeating a recommendation made three years ago to Congress that federal financial regulators should be consolidated, the congressional watchdog Wednesday said again that doing so would address fragmentation and overlap in the financial regulatory structure. […]
The nation’s federally insured credit unions (FICUs) grew total assets by $75 billion, or 5.4%, to a total of $1.45 trillion and saw net income rise 25.8% during the 12 months ending Dec. 31, 2018, […]
A discussion draft of legislation that would reverse Consumer Financial Protection Bureau (CFPB) actions carried out under the direction of “acting” director John (“Mick”) Mulvaney with respect to the bureau’s staffing, funding, operations, supervision, advisory […]
The Senate will have its own turn with the federal consumer financial protection agency when it holds an oversight hearing next week, featuring the group’s new director. Kathleen (“Kathy”) Kraninger, the director of the Consumer […]
An oversight hearing on the federal consumer financial protection bureau – the first under its new director – plus proposed changes to how nonbank firms are determined to pose risks to financial stability and a new rule […]
Older customers who are increasingly becoming victims of exploitation at banks and other such firms are the subjects of “hundreds of thousands” of suspicious activity reports (SARs) being filed by the financial institutions, the federal […]
The “current expected credit loss” (CECL) accounting standard became a focal point of interest during a House hearing Wednesday featuring the chairman of the Federal Reserve Board, as did rules adopted by the central bank […]
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