Growing pressures to weaken bank supervision – to scale back bank examiner coverage, dilute ratings systems, and redefine “unsafe and unsound” – present “real dangers” to the American people, Federal Reserve Board Gov. Michael Barr […]
Examiners will focus on material financial risks threatening safety and soundness of the banks they review and on taking “timely, proportionate action” to ensure the risks are “properly addressed,” the Federal Reserve said Tuesday in […]
So-called “gas fees” – or network fees – may be paid on blockchain networks, the national bank regulator said Tuesday in an interpretive letter, to facilitate “otherwise permissible activities.” The Office of the Comptroller of […]
Changes to its Regulation B implementing the Equal Credit Opportunity Act (ECOA), including removal of provisions recognizing “disparate impact” and a narrowing of its small-business loan data collection requirements, are proposed by the Consumer Financial […]
Data on small business, small farm, and community development lending during 2024 – required by rules implementing anti-redlining laws – was released Thursday by federal banking agencies. In joint releases, the Federal Reserve, Office of […]
The risk-based supervision approach is now incorporated into a booklet used by the national bank regulator to assess compliance with statutes designed to provide protections to active-duty customers in the U.S. armed services, the agency […]
The consumer bureau charged with consumer financial protection under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) may not legally request funds “at this time” from the Federal Reserve, the bureau said in […]
“Policy uncertainty” has risen as a “salient risk” to the financial system, at least in the eyes of those working in the financial services industry, according to results of a Federal Reserve survey released Nov. […]
A revised consumer compliance examination manual provides for less-frequent consumer compliance exams for most supervised banks, the Federal Deposit Insurance Corp. (FDIC) said in a Financial Institution Letter (FIL) Friday. The agency said its updated […]
Finalized changes to the supervisory rating framework for large bank holding companies were released by the Federal Reserve late Wednesday, which were proposed by a divided agency board. The Fed said the revised rating framework […]
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