Vaccines and their distribution to combat the spread of COVID-19 disease have brightened the outlook for the economy this year and beyond, the vice chair of the Federal Reserve said Friday. In remarks via webcast […]
Nine items – including a proposal on risk-based net worth (complex threshold), an advance notice of proposed rulemaking on simplification of risk based capital requirements and four other final or proposed rules – are all […]
A former Kentucky banker has been prohibited from future service in a federally insured financial institution following approval of an insider loan and unauthorized access of information of at least two of her bank’s customers, […]
A number of provisions contained in the massive appropriations and coronavirus relief legislation signed into law Dec. 27 are highlighted by the federal credit union regulator in a letter to credit unions, sent Thursday. The […]
Expanding access to the payments system by non-bank providers, and eliminating overlapping examination subject areas by regulators, are among the recommendations – out of 100 total – from a taskforce on federal consumer financial law […]
Stablecoins may be used to conduct payment activities and other bank-permissible functions by national banks and federal savings associations, their federal regulator said in a letter issued Monday. The letter, issued by the Office of […]
A penalty of $2.175 million must be paid by a Las Vegas, Nev., firm for violations of federal law regulating lending to members of the military, the Consumer Financial Protection Bureau (CFPB) said Dec. 30. […]
A “dual-feature credit card” and a program allowing employees access to their earned but unpaid wages prior to payday got the green light Dec. 30 for limited time under two “compliance assistance sandbox” (CAS) approval […]
John P. Conneely is now the director of the Federal Deposit Insurance Corp.’s (FDIC) division of complex institution supervision and resolution (CISR), replacing Ricardo R. (“Rick”) Delfin, who has run the department since its creation […]
The federal credit union regulator’s communication methods are up for comment in an effort, the agency said Monday, to “promote efficiency and increase transparency.” In a release, the National Credit Union Administration (NCUA) said it […]
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