A “new and comprehensive” set of rules – but whose concepts are like existing regulations – to govern the Federal Reserve’s new round-the-clock instant payments service was proposed Tuesday by the agency. According to the […]
A single interest on reserve balances (IORB) rate will replace two former rates under a final rule amending Regulation D announced Tuesday by the Federal Reserve. The rule takes effect July 29; it contains no […]
The Community Development Revolving Loan Fund (CDRLF) was able to fund just about half of the $7.6 million in total requests for technical assistance grants and loans from low-income-designated credit unions last year, according to […]
Flexibility to work with borrowers affected by severe storms in West Virginia from Feb. 27 through March 4 is among the relief measures the federal bank deposit insurer is offering to banks to help facilitate […]
Credit unions should ensure their policies, procedures, and training materials promote compliance with federal equal credit opportunity laws and Regulation B, which is administered by the federal consumer financial protection agency, in line with a […]
Use of alternative data at financial institutions, particularly with banks that have third-party relationships with financial technology (fintech) lenders, should be the focus of collaboration among federal financial institution regulators – with a focus on […]
Submissions are due by July 31 for summary of branch office deposits submissions, the annual survey of deposits for banks with branch offices, including insured foreign banks; no filing extensions are granted, the federal insurer […]
The federal bank deposit insurer’s third- and fourth-quarter schedules for evaluations of banks’ Community Reinvestment Act (CRA) efforts include a total of 387 banks throughout the agency’s six regions. The lists, released Friday by the […]
Violations of federal flood insurance requirements will cost a San Francisco-based bank $281,000 for failing to tell a borrower it needed the insurance for property it was purchasing through a loan from the bank, the […]
Modifying the policy on payment system risk (PSR) to expand access to collateralized capacity and clarifying terms for accessing and retaining uncollateralized capacity were proposed by the Federal Reserve Friday. The PSR governs the provision […]
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