Four companies will submit proposals to a rapid-phased prototyping competition (RPP) aimed at accelerating adoption of modern technological tools, the federal insurer of bank deposits announced Monday. The tools, according to the Federal Deposit Insurance […]
A 2015 cease-and-desist order detailing unsafe and unsound practices in the foreign exchange (FX) operations of JPMorgan Chase & Co. (New York), and for which the firm was assessed a $342 million civil money penalty, […]
Individual capital requirements for large banks that will ensure $1 trillion in “high quality capital” – enough for the banks to weather a deep recession and keep lending – were announced Thursday by the Federal […]
Federal supervisory names and addresses for notices required by the Community Reinvestment Act (CRA) and Equal Credit Opportunity Act (ECOA) and for posters under the Fair Housing Act are provided in a bulletin issued Thursday […]
A bulletin for banks and examiners that conveys sound risk management principles related to engagement with Small Business Administration (SBA) guaranteed lending programs was issued Thursday by the Office of the Comptroller of the Currency […]
When it comes to central bank digital currencies (CBDCs), count as another skeptic Federal Reserve Board Member Christopher Waller, who Thursday expressed his doubts it would “solve any major problem confronting the U.S. payment system.” […]
A letter communicating the June extension of the 18% federal credit union loan rate ceiling through March 10, 2023, was issued Thursday by the National Credit Union Administration (NCUA). The NCUA Board voted June 24 […]
Whether the new federal holiday of Juneteenth (marked for the first time as a federally observed break this past June) counts as a business day or federal holiday for purposes of mortgage rescissions and disclosures […]
The financing of fees and commissions continue to be prohibited for federally insured credit unions, despite adoption of a new rule earlier this year allowing capitalization of loan interest, the federal regulator of credit unions […]
Supplemental exam procedures on remittance transfers were issued Monday by the regulator of national banks, permanently allowing smaller institutions (those under $10 billion) to estimate certain fees and exchange rates when making disclosures to their […]
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