Losses piling up from credit union loans for taxi cab medallions that are falling in value may require the federal fund that insures savings in credit unions to increase loss reserves, a member of the […]
Three new financial reference rates — one of which is meant to replace the U.S. dollar “LIBOR” — that will be based on overnight repurchase agreement (repo) transactions secured by Treasury securities were announced as […]
A new “seal of office” for the regulator of federal credit unions was signed off on by President Donald Trump Friday, who issued an order which calls for imposition of an eagle, three stars (representing […]
A failure to progress on a program meant to manage risk among large banks and financial institutions may be leading to a threat to the independence at the Federal Reserve from the industry it regulates, […]
Support for the conclusion of efforts to reform the international bank capital standards initiated in response to the global financial crisis was announced Thursday by the federal banking regulatory agencies. In a joint release, the […]
A package of proposals intended to increase the transparency of stress testing program while maintaining the ability to test the resilience of the nation’s largest and most complex banks was announced by the Federal Reserve […]
Final rules on reorganization of the agency and emergency mergers will be the main events of the NCUA Board when it meets in open session Dec. 14 in Alexandria, Va. In July, the board announced […]
Inquiries about the consumer complaint process of the Consumer Financial Protection Bureau (CFPB) were up in nearly every category this year, the agency’s ombudsman’s office outlined in its annual report released Wednesday, following a trend […]
Five financial institutions earned Community Reinvestment Act (CRA) ratings of “outstanding,” while just one earned a “needs to improve” rating, in evaluations released in November, the Office of Comptroller of the Currency (OCC) reported Tuesday. […]
Bank regulators lauded financial institution “regulatory relief” legislation approved Tuesday by the Senate Banking Committee, the vice chairman of the Federal Deposit Insurance Corp. (FDIC) board offering suggestions for tweaking the measure. The Senate panel […]
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