The latest life-of-loan factors for credit unions are provided in the latest update of the federal regulator’s tool for calculating expected credit losses, the agency said Monday. The National Credit Union Administration (NCUA) said the […]
Annual stress tests results will be released June 27, the Federal Reserve said Friday, adding that the document providing details about the models used in the test are now public. This year’s stress tests covered […]
Net worth of households nationwide fell by $1.6 trillion in the first quarter of the year, while households debt increased by a 1.9% annual rate in the same period, the Federal Reserve said Thursday. In […]
Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, […]
A demand to jettison regulations that pre-empt state consumer financial laws was denied Monday by the national bank regulator, who told a group of state supervisors that the national rule is compliant with federal law […]
Pragmatism, analysis and cost effectiveness are three key principles the new top supervisor at the Federal Reserve will use in her role, she told an audience in Washington Friday. Michelle W. Bowman, the new vice […]
The Federal Reserve Friday selected a former Justice Department inspector general (IG) to serve the same role for the central bank – and for the federal consumer financial protection agency. In a release, the Fed […]
Production of data on the types and volumes of financing provided by nonbank financial institutions to households and businesses in the U.S. economy is the aim of the annual census announced Friday by the Federal […]
“Stabilization” among commercial real estate (CRE) sectors was noted in a joint regulators’ presentation at the meeting of the Financial Stability Oversight Council (FSOC) Wednesday, according to a readout issued late that day by the […]
“Slight to moderate declines” in economic activity were reported to Federal Reserve districts as outlined in the Beige Book released Wednesday by the agency. “On balance, the outlook remains slightly pessimistic and uncertain, unchanged relative […]
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