Top headlines in today’s news …
Rules for mergers involving national banks and federal savings associations that would remove expedited bank merger review procedures and aim to provide transparency around the features of merger applications and indicators “that are consistent with […]
A guilty plea to a charge of conspiracy to sexual exploitation of children was entered Tuesday by an attorney for the federal bank deposit insurance agency, the agency’s inspector general said. According to the Federal […]
Prohibiting non-sufficient funds fees on transactions declined at the same time a user swipes, taps or clicks debit or ATM cards is the aim of a “proactive” new rule proposed Wednesday by the federal consumer […]
The public comment deadline on a Federal Reserve Board interchange fee proposal, which would lower the maximum interchange fee that a large debit card issuer can receive for a debit card transaction, has been extended […]
Operating fees payable to their federal regulator will be up more than 16% in 2024, federal credit unions were warned in a letter issued Friday, a result of new annual budgets “and other factors” including […]
Addressing the lessons from the failures of large regional banks last spring will take a targeted regulatory approach, along with “better brakes” for mitigating systemic risk, the regulator of national banks said Thursday. Speaking at […]
Overdraft fees would be limited for very large banks – those with $10 billion or more in assets – to no more than $14 or less under a new rule proposed Wednesday by the federal […]
Expenses were $114.4 billion higher than estimated earnings in 2023 for Federal Reserve Banks, the Federal Reserve said Friday – leading to an increase by $116.4 billion in a deferred asset for the banks – […]
Banking regulators should prioritize safety and soundness in 2024 – rather than broad, policy-oriented areas such as climate change – as a way of ensuring that the trauma created by the failures last year of […]
Fines totaling $36 million were announced Tuesday against the fifth largest bank firm in the nation for “illegal conduct” during the coronavirus crisis related to access and payment of unemployment benefits, two regulators said. In […]
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