Title: Request for Information and Comment on Rules, Regulations, Guidance, and Statements of Policy Regarding Bank Merger Transactions Subject: Bank mergers Agency: FDIC Status: Request for information and comment Summary: The FDIC is soliciting comments […]
The current expected credit losses (CECL) accounting standard has been updated with expanded disclosures and improved accounting, particularly for troubled debt restructurings (TDRs) for those that have adopted the standard and gross writeoffs of vintage […]
The Consumer Compliance Examination Manual (CEM) published by the federal bank deposit insurer has been updated in the areas addressing qualified mortgage (QM) rules, lending equal credit opportunity rules, Community Reinvestment Act (CRA) requirements, and […]
Actions related to compliance with anti-redlining requirements and home mortgage lending reporting – updated guidance and a limited flat file — were taken Wednesday by the umbrella group for federal financial institution regulators. The Federal […]
A $1 million civil money penalty (CMP) has been assessed against a student loan servicer for allegedly deceiving borrowers about public student loan forgiveness, the federal consumer financial protection agency said Wednesday. The penalty against […]
Management of exposures to climate-related financial risks at large banks are the focus of draft principles to provide a high-level regulatory framework under a proposal issued Wednesday by the federal bank deposit insurance agency. Comments […]
A 2017 booklet of the Comptroller’s Handbook that addresses supervised banks’ commercial real estate (CRE) lending activity has been rescinded and replaced, the Office of the Comptroller of the Currency (OCC) said in a bulletin […]
Banks should pursue “pro-consumer” changes to their overdraft programs, the acting comptroller of the currency wrote in an article appearing Monday in a trade journal, reiterating a warning he issued to banks earlier this month. […]
Four confirmations of Federal Reserve Board members will be before the Senate as early as Tuesday, following successful parliamentary action to pry one of the nominees out of committee earlier in the day. The Senate […]
May 1 is the compliance date for a final rule establishing computer-security incident notification requirements for banks and bank service providers, the federal bank deposit insurance agency reminded in a letter Tuesday. In a financial […]
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