The federal regulator of credit unions late Friday released its 2019 annual report, which recaps the agency’s actions to create a regulatory framework that is “effective without being excessive,” including the agency board’s decision to […]
Maturity limits for short-term investment funds (STIFs) were extended Sunday under an interim final rule responding to the market effects of the coronavirus (COVID-19), the Office of the Comptroller of the Currency (OCC) announced. The […]
Combined assets for the 12 Federal Reserve Banks grew $116 billion to a total of $4.2 trillion in the year ending Dec. 31, 2019, with total earnings at $55.5 billion, down $7.6 million from the […]
A letter outlining options for federal credit unions (FCUs) to conduct annual meetings virtually, or to postpone them, to promote the social distancing called for in connection with the coronavirus pandemic was issued Friday by […]
A report to Congress on actions taken in 2019 under the Fair Debt Collection Practices Act (FDCPA) was issued Friday by the Consumer Financial Protection bureau (CFPB) and Federal Trade Commission (FTC), the two agencies […]
Federally insured credit unions looking for information to help them navigate the coronavirus (COVID-19) crisis can find resources and guidance via a new web page launched recently by the National Credit Union Administration (NCUA). Plans […]
A resource “hub” with curated information for business owners, employees, nonprofit, and community organizations impacted by the coronavirus (COVID-19) was launched Friday by the Federal Reserve Bank of New York. This web page is organized […]
The nation’s central bank issued a statement Thursday that it was encouraged by the notable increase this week in discount window borrowing, “with banks demonstrating a willingness to use the discount window as a source […]
Title: Regulatory Capital Rule: Eligible Retained Income Subject: Capital Agency: FDIC, Federal Reserve, OCC Status: Interim final rule; request for comments Summary: In light of recent disruptions in economic conditions caused by the coronavirus disease […]
The federal insurer of bank deposits on Thursday issued a demand that Monetary Gold, a precious metals trader based in Woodland Hills, Calif., cease and correct its misleading advertising that falsely claims consumers’ federally insured […]
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