A “new and innovative approach to financial reporting,” particularly for community banks, is the aim of a rapid prototyping competition started by the federal insurer of bank deposits, announced Tuesday. Under the program announced by […]
Trading revenue for U.S. commercial banks and federal savings associations declined in the first quarter of the year, totaling $6.7 billion. That’s down $505 million, or 7%, from the fourth quarter of 2019, the Office […]
A new booklet on unfair or deceptive acts or practices (UDAP) and unfair, deceptive, or abusive acts or practices (UDAAP) was published by the federal regulator of national banks and federal savings associations Monday. The […]
A former Indiana credit union worker has consented to his prohibition from working at credit unions or any other federally insured financial institution after he allegedly “misapplied” and removed $1.5 million from the credit union. […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the Agencies) […]
Title: Strategies for Future Examination and Supervision Utilizing Digital Technology Subject: Examination modernization Agency: NCUA Status: Request for information Summary: The National Credit Union Administration (NCUA) is conducting a comprehensive study of alternative procedures to […]
Title: Treatment of Certain COVID-19 Related Loss Mitigation Options Under the Real Estate Settlement Procedures Act (RESPA) (Regulation X) Subject: RESPA; loss mitigation Agency: CFPB Status: Interim final rule Summary: The Bureau of Consumer Financial […]
A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]
Weak financial performance and increasing credit, operational, and compliance risks resulting from the financial impact of the coronavirus crisis are among the “key risk themes” outlined in a report issued Monday by the federal bank […]
A series of three “tech sprints” – one held this October, and two more slated for March 2021 – will focus on how to improve consumer disclosures, preparing files for Home Mortgage Disclosure Act (HMDA) […]
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