Only the very largest banks – those with $700 billion in assets or more – would be subject to “heightened standards” for gauging threats to the financial system under a proposal issued Tuesday by the […]
The second round of the federal credit union regulator’s “deregulation project” was released this week, with four of the agency’s rules proposed for either deletion or revision. The National Credit Union Administration’s (NCUA) deregulation project […]
Three notices of records system modifications by the Consumer Financial Protection Bureau (CFPB) would implement a March White House executive order that gives Treasury screening authority over payments by federal agencies. The notices, published Monday […]
Money services businesses (MSBs) operating along the southwest border of the country are the target of a new effort by the Treasury and its financial crimes enforcement unit to unearth alleged money laundering activity, the […]
Debit and general-use prepaid card transactions grew at a slower rate in the period 2021-23 than previous periods, the Federal Reserve said Friday, and interchange fees have been rising. In its biennial, statutorily mandated report […]
A new “payment account” — tailored to meet the limited needs of eligible financial institutions seeking payments and settling services – is being considered by the Federal Reserve, and the agency said Friday it wants […]
U.S. commercial banks and savings associations had $18.4 billion in cumulative trading revenue in the third quarter of this year – $1.8 billion (10.9%) more than the previous quarter and $2.1 billion (12.7%) more than […]
The latest version of a tool for navigating current expect credit loss (CECL) accounting requirements for small, complex credit unions was released Thursday by the federal credit union regulator as part of a quarterly update. […]
The combined budgets of the National Credit Union Administration (NCUA) in 2026 will total $316.15 million, about $2.36 million more than proposed but 20% below the agency’s 2025 budget, according to action apparently taken Wednesday […]
No change in the projected year-end equity ratio of the National Credit Union Share Insurance Fund (NCUSIF) is offered in the latest briefing on the fund, provided during Thursday’s open meeting of the National Credit […]
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