Measuring the effectiveness of digital identity proofing – the process used to collect, validate, and verify information about a person – is the aim of a “tech sprint” announced late Tuesday by the federal bank […]
Two more weeks – to Jan. 31 – have been added for credit unions to complete and submit the voluntary Credit Union Diversity Self-Assessment by the federal credit union regulator, the agency said Tuesday. However, […]
Ensuring a strong and resilient financial system, with increased capital and liquidity requirements for large banks, was among the accomplishments cited by the chair of the Federal Reserve in testifying for himself for another term […]
Entities using a “multitude” of fictitious names and websites are purporting to offer banking services in the state of Florida, according to a report circulated in an alert Tuesday by the Office of the Comptroller […]
Referring to it as a “technical rule,” the Federal Reserve late Monday publicly released details of action designed to streamline reporting requirements for member banks related to their subscriptions to reserve bank capital stock. The […]
There will soon be three vacancies on the governing board of the nation’s central bank, as the current vice chair resigned, effective at week’s end, Monday. Citing the fact that his term as Federal Reserve […]
Title: Unsafe and Unsound Banking Practices: Brokered Deposits Subject: Brokered deposits; primary purpose exception Agency: FDIC Status: Notification Summary: The FDIC is identifying an additional business relationship, or “designated exception,” that meets the “primary purpose” […]
A New York-based debt collection company holding group, and its owners and affiliates, face a lawsuit by the federal consumer financial protection agency for placing consumer debt with collection companies that used “unlawful and deceptive […]
Changes in risk-based capital requirements for federally insured credit unions have triggered changes in call reports, effective for the first quarter of 2022, the federal credit union regulator said Monday. In a release, the National […]
Eleven of the 24 individuals named to the top board posts of the 12 Federal Reserve Banks for 2022 are new to those positions. As noted in an announcement earlier this week, the Federal Reserve […]
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