Market participants must renegotiate and amend existing contracts to move away from a now-defunct reference interest rate – or incorporate “robust fallback language,” the head of the group that developed an alternative rate wrote Thursday. […]
Showcasing public- and private-sector efforts to preserve and promote minority depository institutions (MDIs) and advance diversity and inclusion across financial services is the aim of a series of podcasts jointly planned by the federal bank […]
Efforts to establish an interagency risk monitoring system to identify potential emerging financial stability risks from hedge funds is supported by federal financial regulators, the agencies said in a joint statement Friday. The Financial Stability […]
A proposed rule to require federal credit union (FCU) boards of directors to establish and adhere to processes for succession planning is out for comment until April 4, according to a notice Thursday in the […]
Title: Succession Planning Subject: FCU succession planning Agency: NCUA Status: Proposed rule Summary: Through this proposed rule, the NCUA Board (Board) would require that Federal Credit Union (FCU) boards of directors establish and adhere to […]
More time to comment on an advance notice of proposed rulemaking (ANPR) that eyes possible Bank Secrecy Act (BSA) reporting requirements for cash residential and commercial real estate transactions was announced Thursday by Treasury’s financial […]
A virtual Innovation Office Hours event, in which participants will be able to meet one-on-one with agency representatives on innovation in banking, will be hosted March 16-17 by the Office of the Comptroller of the Currency […]
Three of the 62 banks evaluated under the Community Reinvestment Act (CRA) in November earned the rating of outstanding for their efforts under the anti-redlining statute, according to information released Thursday by the federal bank […]
Processes for considering input from state banking commissioners regarding national banks’ performance under state community reinvestment laws are addressed in a bulletin issued Wednesday by the national bank regulator. The Office of the Comptroller of […]
A program designed to expand financial inclusion to “unbanked” persons will be expanded to three more cities, the federal insurance program for bank deposits said Wednesday. The Los Angeles, Dallas, and Detroit metropolitan areas will […]
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