Top headlines in today’s news …
The federal regulator of credit unions has addressed and closed 13 recommendations remaining from the two previous years for improving its information security program and will be reviewed for one final, outstanding recommendation in 2019, […]
Of the 82 banks it rated for Community Reinvestment Act (CRA) compliance in August, seven were rated “outstanding” and one was rated “needs improvement,” the federal bank deposit insurance agency said in its November release […]
The delay of risk-based capital (RBC) requirements for large “complex” credit unions to Jan. 1, 2020, becomes official Tuesday when the notice of the final rule (supplemental) is scheduled to be published, according to filings […]
A new large financial institution (LFI) supervisory rating system, with a higher asset threshold than proposed for domestic holding companies, will begin to produce initial ratings next year, according to a notice of final rule […]
Proposals to ease enhanced prudential standards and tailor capital and liquidity rules to large banks’ risk profiles were released for comment Wednesday by the Federal Reserve Board on a vote of 3-1, with Fed Gov. […]
Updated standards for financial firms to use in measuring counterparty credit risk posed by derivative contracts under regulatory capital rules were proposed by the three federal banking agencies Tuesday. According to the agencies, the proposed […]
Regulator and law enforcement perspectives on reform in the fight against money laundering and other types of illicit finance will be served up Nov. 29 during a Senate Banking Committee hearing featuring representatives from a […]
A report to Congress issued Friday on the effectiveness of the consumer financial protection bureau’s remittance rule shows that while money services businesses (MSBs) conduct the lion’s share of consumer remittances – 95.6% of them […]
Proposed rules that will “reconsider” its rules regarding payday lending are expected to be issued in January, the federal consumer financial protection agency said Friday. In a statement, the Bureau of Consumer Financial Protection (BCFP, […]
At least three times this month, leaders of the Federal Reserve Board have been asked in public forums to respond to criticism by President Donald Trump of the board’s actions on interest rates. And, at […]
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