Top headlines in today’s news …
Regulators were on stage this past week, discussing initiatives, implementation of the new regulatory relief law, their roles and what they wanted from Congress – among other things – in different venues, but all on […]
Despite recent criticisms from President Donald Trump, the Federal Reserve Board is not concerned about the independence of the organization, the agency’s chairman told a Washington gathering Wednesday. “My focus is on essentially controlling the […]
Types of instances in which banks and credit unions may form collaborative arrangements to share resources to better manage their Bank Secrecy Act/anti-money laundering (BSA/AML) responsibilities are addressed in a statement issued jointly on Wednesday […]
Developing a nationwide, real-time interbank settlement payment system would “significantly improve” the prospect that a financial institution of any size would have access to faster payments, and keep the United States apace with other nations […]
Two actions the Federal Reserve Board could take to support real-time interbank settlement of faster payments in the United States are detailed in a request for comments issued Wednesday under a public comment deadline of […]
Bank regulators were urged to move apace on efforts to tailor prudential standards for banks under $250 billion in assets during a Senate Banking Committee hearing Tuesday on implementation of the recently enacted financial reform […]
Regulators took a forward look in testimony Tuesday about recently enacted regulatory relief legislation, telling a Senate committee where they hope to go in coming weeks and months with their regulatory plans, and what more […]
The sixth 2018 liquidation of a federally insured credit union was announced Monday by the National Credit Union Administration (NCUA): LOMTO Federal Credit Union (Woodside, N.Y.) was closed Sunday, with its members, most shares, some […]
An exemption from Bank Secrecy Act (BSA) customer identification program rules for loans made for the purchase of property and casualty insurance was approved by federal regulators Friday, effective as of Sept. 27, 2018. The […]
The nomination of Jean Nellie Liang to be the next – and final – member of the Federal Reserve Board was sent to the Senate, the White House said Friday. If confirmed, she would serve […]
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