Seven members, six of them new, will begin three-year terms on the Federal Reserve’s Insurance Policy Advisory Committee (IPAC) beginning in 2022, the Fed said in a recent announcement. That committee of seven is sharply […]
A 50-cent increase in the maximum allowable fee that a nationwide consumer reporting agency or nationwide specialty consumer reporting agency can charge consumers for their credit reports will raise next year’s fee maximum to $13.50, […]
Nearly 200 national banks and federal savings associations are expected to receive evaluations under the anti-redlining Community Reinvestment Act (CRA) during the first and second quarters of 2022, according to the schedule released Monday by […]
Banks generally may not make passive equity investments in venture capital funds, and this may be the case even if the fund qualifies for a Volcker rule exclusion, according to a bulletin Tuesday from the […]
A federal credit union (FCU) this month won a reversal of its federal examiner’s assignment of a CAMEL code 3 examination rating, with an upgrade to a CAMEL 2, through an appeal to the National […]
An interpretive letter aimed at clarifying the prior requirements for national banks and federal savings associations interested in engaging in certain cryptocurrency, distributed ledger, and stablecoin activities was released Tuesday by the Office of the […]
A so-called roadmap for providing greater public clarity throughout 2022 on issues surrounding banking institutions’ involvement in crypto-assets was released as part of a joint statement Tuesday by federal banking agencies. “As supervised institutions seek […]
A voluntary assessment of its Home Mortgage Disclosure Act (HMDA) rule – covering everything from the 2015 rule through last year’s revisions – is being undertaken by the Consumer Financial Protection Bureau (CFPB), which is […]
Jerome Powell and Lael Brainard’s remarks upon being designated the president’s nominees for Federal Reserve chair and vice chair highlighted numerous priorities ahead that include, among others, reining in inflation. “We know that high inflation […]
The importance of including the reporting of known or suspected environmental crime as part of a financial institution’s compliance with the Bank Secrecy Act (BSA) was highlighted Thursday in a notice by Treasury’s Financial Crimes […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info