A reference chart for regulatory reporting of Home Mortgage Disclosure Act (HMDA) data collected this year was released Thursday by the federal consumer financial protection agency. According to the Consumer Financial Protection Bureau (CFPB), the […]
A fraternal organization founded at a historically black university will now have its own credit union following the federal credit union regulator’s approval of a new charter, the agency said Thursday. Members Only Federal Credit […]
A 24-year veteran of the federal credit union regulator has been promoted to oversee the agency’s facility for handling problem assets it has acquired from operating and liquidated credit unions, the agency said Thursday. The […]
The rate of interest paid on depository institutions’ reserve balances at Federal Reserve Banks and the rate banks pay on Reserve Bank primary credit have both risen 25 basis points (bps) as a result of […]
Bank overdraft fee income has dropped precipitously since before the onset of the coronavirus crisis, according to a federal consumer financial protection agency report issued Tuesday – and banks have not yet replaced that income […]
Kristen Baldwin will be the chief information officer (CIO) at the national bank regulatory agency beginning Feb. 26, the agency announced Wednesday. The Office of the Comptroller of the Currency (OCC) said that Baldwin will […]
Regulators need to understand both human decision-making and market context in designing the right rules of the road for ensuring financial inclusion, the Federal Reserve’s top supervisor said at a conference Tuesday. Speaking at a […]
Title: Policy Statement on Section 9(13) of the Federal Reserve Act Subject: State member banks; crypto-assets Agency: Federal Reserve Status: Final rule Summary: The Board is issuing a policy statement interpreting section 9(13) of […]
The risk to financial stability should decentralized finance (DeFi) continue to grow in size and scope – and without the guardrails that are in place for traditional finance – is discussed in a blog post […]
An updated “Branch Closings” booklet of the Comptroller’s Licensing Manual was released Tuesday by the Office of the Comptroller of the Currency (OCC). The licensing manual contains a series of booklets that explain the OCC’s […]
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