Changes in the tests for defining larger participants in the auto financing, consumer debt collection, consumer reporting, and international money transfer markets are contemplated in four advance notices of proposed rulemaking (ANPRs) from the Consumer […]
A rule removing references to “reputation risk” in the national bank regulator’s regulations will soon be proposed, and the agency will also review whether banks have engaged in “debanking” and take remedial actions “if appropriate,” […]
Banks may use pre-populated customer information to satisfy Customer Identification Program (CIP) requirements when opening an account, the federal bank deposit insurance agency said late Tuesday. In a financial institution letter (FIL), the Federal Deposit […]
Tips for improving coordination between credit unions and their federal examiners to boost efficiency are contained on a new website launched Wednesday, the credit union regulator said. The National Credit Union Administration (NCUA) said it […]
An exemptive relief order for investment advisors (IAs) covered by a September 2024 final rule imposing Bank Secrecy Act (BSA) anti-money laundering (AML) program requirements was issued Tuesday and will remain in effect until Jan. […]
Public sections of resolution plans for the eight largest and “most complex” domestic banking organizations, as well as those for 56 foreign banking organizations, were released Tuesday by two federal banking agencies. The Federal Reserve […]
Four banks earned “outstanding” ratings for their compliance with anti-redlining rules – but two banks earned the subpar “needs improvement” ratings – according to the latest release Tuesday of the scores by the federal bank […]
An anti-harassment plan at the federal bank deposit insurance agency could not be effectively implemented, workers at the agency believed, because executives leading the effort had misconduct allegations against them, a report issued by the […]
Changes are coming to the Federal Reserve Board as Gov. Adriana Kugler submitted her resignation Friday effective Aug. 8, the agency said. Kugler joined the board on Sept. 13, 2023. According to her resignation letter […]
Six banks earned ratings of “outstanding” – out of 15 banks evaluated – during July for compliance with anti-redlining rules, the national bank regulator said Friday. “Outstanding” is the highest rating for banks to receive […]
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