Five new members were added to the federal consumer financial protection agency’s management team Monday, including a new chief operating officer, the agency announced. In a release, the Consumer Financial Protection Bureau (CFPB) said it […]
Banks reported improved profitability in the third quarter of the year compared with the first half of the year, but their combined net interest margin fell to a record low, the federal insurer of banks […]
A proposal to reform regulations that implement anti-redlining laws by the Federal Reserve is aimed at providing a basis of a consistent approach for all three federal banking agencies, the point person on the central […]
The nomination of Christopher Waller to be a member of the Federal Reserve Board moved forward in the Senate late Monday, with a confirmation vote likely to come later in the week, according to press […]
Community banks could use asset data from the end of last year to determine applicability of various regulatory assets thresholds for the remainder of this year and all of next under an interim final rule […]
Credit unions, banks, and other entities questioning whether to comply with regulatory requirements can submit a request to the federal consumer financial protection agency to clear up any uncertainty, the agency said under a new […]
Instructions and technical specifications for preparing and submitting quantitative measurements under the Volcker rule are outlined in a bulletin issued Monday by the federal regulator of national banks. The instructions and specifications issued by the […]
Reserve balances at banks ballooned by $1.4 trillion as the coronavirus crisis became apparent last spring, but that growth has plateaued since then and is expected to begin to shrink out of a concern for […]
Banks, “as soon as practicable,” should cease entering into new contracts that employ a widely used reference rate that is being phased out, the three federal banking agencies in a statement issued Monday. The recommendation is […]
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