NCUA
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CFPB
Spending bill forces consumer bureau to notify committees of funding transfer requests from Federal Reserve
The consumer financial protection agency is required to give a heads-up to select congressional committees when making a request for transfer of funds from the Federal Reserve under legislation signed by the president late last […]
FDIC
Banking agencies extend comment period by one month for counterparty credit risk measuring proposal
The comment period was extended Friday by one month for a proposed rule to update the standards for regulators about how financial firms measure counterparty credit risk posed by derivative contracts. The extension means comments […]
FDIC
UPDATED: Agency schedules briefing to release 4th quarter/year-end 2018 banking results
Fourth-quarter and year-end financial results for the banking industry will be announced at a press briefing Thursday by the chairman of the board of the federal insurer of bank deposits. Federal Deposit Insurance Corp. (FDIC) […]
NCUA
CU regulator announces ‘clean’ audit results for four funds it administers (including savings insurance fund)
“Unmodified” audit opinions were earned by the four funds administered by the federal credit union regulator, the agency announced Friday, making it the second federal financial institution regulator in as many days to announce so-called […]
FDIC
More de novo banks, less reg burden for smaller banks, and start-up of ‘Office of Innovation’ are top issues for bank insurer in 2019
Formation of more de novo banks, reduced regulatory burden for community banks, and establishment of an “Office of Innovation” are all priorities for 2019 of the chairman of the federal insurer of bank deposits, the […]
FDIC
OIG report lists cybersecurity risk, adapting to fintech innovation, strengthening info security management as top challenges for FDIC
Enhancing oversight of banks’ cybersecurity risk, adapting to financial technology (fintech) innovation, and strengthening information security management at the agency are the top three challenges facing the federal insurer of bank deposits, the agency’s inspector […]
NCUA
Spurred by reports of top officials’ spending, CU regulator nominees asked to align expense policies with other regulators
Recent reports by a federal watchdog, and coverage in a national newspaper, of questions over spending by top officials at the federal credit union regulator were part of Thursday’s confirmation hearing by a Senate committee, […]
NCUA
CU regulator nominees vow to protect safety and soundness, focus on transparency
Nominees for seats on the board of the federal credit union regulator both vowed to Senate Banking Committee members, during their joint confirmation hearing Thursday, that they would work to safeguard the continued safety and […]
Legislation
Senators, seeking feedback, to examine how Fair Credit Reporting Act works in digital economy
Feedback on the collection, use and protection of sensitive information by financial regulators and private companies is being sought by the leaders of the Senate Banking Committee, toward the ultimate goal of examining how well […]