Rohit Chopra became the fifth director of the federal consumer financial protection agency Tuesday, saying he would work to ensure the financial marketplace meets the needs of all families, workers, and communities. In a letter addressed […]
A $1.1 million penalty would be paid by a California firm for taking allegedly deceptive acts aimed at older homeowners under a proposed order issued late Friday by the federal consumer financial protection agency. The […]
Credit unions with both minority depository institution (MDI) and low-income (LICU) designations may apply now, through Oct. 29, for the federal credit union regulator’s mentoring grants worth a total of $100,000, the agency said Tuesday. […]
Supervisory guidance for large banking institutions from the Federal Reserve in measuring, monitoring and managing climate-related risks is anticipated from at least one of the agency’s board governors, she told a group Thursday. In remarks […]
The “year of magical thinking” is over, and market participants should act now to accelerate their transition away from LIBOR, the Federal Reserve’s top supervision officer said Tuesday. Federal Reserve Board Vice Chair for Supervision […]
Third-quarter call reports that include new data items for sweep deposits at banks with both domestic and foreign offices were distributed by the three federal banking agencies Monday. According to a financial institution letter (FIL-68-2021) […]
The message format will change for the Federal Reserve’s Fedwire Funds Service – to ISO 20022 — the agency said Monday, adding the change is being made to increase efficiency and data collection. Additionally, the […]
Technology firms that will make up six teams were selected to participate in a “tech sprint” designed to explore new technologies and techniques to determine how well community banks, and all banks, can withstand a […]
A set of “frequently asked questions” (FAQs) that discuss limited-content messages and the call frequency provisions under debt collection rules was published Friday by the federal consumer financial protection agency. The FAQs, according to the […]
The top financial regulator for Kentucky is the newest member of the advisory committee of state regulators for the federal insurer of bank deposits, the agency announced Friday. Charles Vice, commissioner of the Kentucky Department […]
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