Failing to establish or implement reasonable written policies and procedures of the accuracy and integrity of information a debt collection enterprise and its owner furnished to credit reporting agencies has earned an action taken against […]
Banks’ ability to withstand a major disruption – including natural disasters and cyber attacks – is the focus of a new “tech sprint” announced Monday by the federal insurer of bank deposits. The Federal Deposit […]
President Joe Biden’s (D) “intent to nominate” NCUA Board Chairman Todd Harper to a term ending in 2027 (and continue as chairman) puts one dent into the long list of financial regulator positions that still […]
Four companies will submit proposals to a rapid-phased prototyping competition (RPP) aimed at accelerating adoption of modern technological tools, the federal insurer of bank deposits announced Monday. The tools, according to the Federal Deposit Insurance […]
Individual capital requirements for large banks that will ensure $1 trillion in “high quality capital” – enough for the banks to weather a deep recession and keep lending – were announced Thursday by the Federal […]
When it comes to central bank digital currencies (CBDCs), count as another skeptic Federal Reserve Board Member Christopher Waller, who Thursday expressed his doubts it would “solve any major problem confronting the U.S. payment system.” […]
Whether the new federal holiday of Juneteenth (marked for the first time as a federally observed break this past June) counts as a business day or federal holiday for purposes of mortgage rescissions and disclosures […]
The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of loan interest, the federal regulator of credit unions […]
Supplemental exam procedures on remittance transfers were issued Monday by the regulator of national banks, permanently allowing smaller institutions (those under $10 billion) to estimate certain fees and exchange rates when making disclosures to their […]
Outdated practices for securing and managing mobile devices at the federal insurer of bank deposits has resulted in a series of control recommendations from an auditor brought in by the agency’s inspector general. According to […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info