An audit of the federal credit union regulator’s consumer complaint program produced good marks overall but identified issues surrounding internal controls over complaint processing and communications with stakeholders, a report released recently shows. The audit […]
The Federal Deposit Insurance Corp. (FDIC) received clean audit opinions on the 2019 and 2020 financial statements for the two funds it manages but fell short on internal controls related to contract payment review processes, […]
A final rule to apply netting provisions of a 1991 banking law to an expanded group of entities, including swap dealers, nonbank systemically important financial institutions and others, was announced by the Federal Reserve Board […]
The federal fund that insures savings in credit unions saw its equity ratio rise four basis points (bp) in the final six months of 2020 to 1.26%, growth that occurred only amid continuing pressure from […]
A final rule permitting the use of records other than signed membership cards or account signature cards as evidence that a jointly owned account qualifies for share insurance coverage apart from individually owned accounts was […]
A final rule removing the double counting of some of the optional portions of capital related to the transition to the current-expected-credit-loss (CECL) accounting standard was adopted Tuesday by the Federal Deposit Insurance Corp. (FDIC) […]
Final rules published by three financial industry regulators on the role of supervisory guidance are slated to take effect March 5 and March 15, according to Federal Register notices published recently. The proposed rule, to […]
The Federal Reserve on Friday released hypothetical scenarios for 2021 bank stress tests under the Dodd-Frank Act, noting that stress tests are required of 19 large banks, with 14 others given until April 5 to […]
A final rule on what records can be used to support the insured status of a joint ownership share account is slated for action during an open meeting to be held virtually next Thursday by […]
Eligible credit unions interested in getting some of the $9 billion in capital provided for under the recently enacted Emergency Capital Investment Program at Treasury were encouraged to begin working on their applications sooner rather […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info