Latest actions by federal financial institution regulators related to the impact of the 2020 coronavirus crisis
Federally chartered credit unions may adopt or continue following a special bylaw authorized by their regulatory agency to facilitate remote annual membership, board, or special membership meetings in 2021, the agency said in a letter […]
Credit unions would be permitted to include unpaid interest in loan workouts and modifications for all types of member loans – including commercial and business loans – under a rule proposed Thursday by their federal […]
A bulletin rescinding three previous ones to accommodate banking regulators’ recent rulemaking on the treatment of banks’ participation in three emergency funding facilities created to mitigate the negative impacts of COVID-19 was issued Tuesday by […]
Three interim final rules in place since the spring to mitigate the effects on capital and the liquidity coverage ratio (LCR) in banks making use of certain Federal Reserve emergency funding facilities have been adopted […]
A Financial Stability Board (FSB) report to the G20 Summit next month will give a diagnosis of the financial stability shock related to the coronavirus (COVID-19) pandemic and identify areas for possible policy action, including […]
A proposed revision of anti-redlining rules is scheduled to be unveiled for public comment Monday in the Federal Register, with a 120-day comment period assigned, ending on Feb. 16, 2021. In publishing the 173-page advance […]
The regulatory framework for banks that was established after the last financial crisis – the “global financial crisis” of 2008-10 – withstood the financial impact of the coronavirus crisis, the Federal Reserve’s top supervisor said […]
A letter outlining key considerations for banks’ and savings institutions’ third-quarter Consolidated Reports of Condition and Income (call reports) was issued Wednesday by the federal bank deposit insurer, which included supplemental instructions related to capital […]
Quick action by regulatory and political authorities in meeting the financial challenges of the coronavirus crisis was praised Thursday by the board chairman of the federal insurer of bank deposits Thursday in a speech before […]
A proposed rule on derivatives and a final rule on corporate credit unions are the key regulatory actions slated for the National Credit Union Administration (NCUA) Board’s open meeting Oct. 15, according to an agenda […]
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