The 2020 schedule of prices for payment services provided to depository institutions (priced services) will be maintained in 2021, the Federal Reserve said Tuesday, with one exception: the check services participation fee, which will see […]
Lending standards were largely tightened for both businesses and households during the third quarter, according to a report issued Monday based on responses from senior bank loan officers. In its October 2020 Senior Loan Officer […]
Credit risk is the top “emerging risk” listed by the regulator of national banks in its semi-annual report issued Monday on threats to the banking industry. According to its Semiannual Risk Perspective for Fall 2020 […]
While probably not at the top of the list of priorities for the apparent winner of the 2020 president election, his new administration will have decisions to make about who leads, or serves on the […]
The coming week will bring updates on financial regulatory agencies’ activities and plans for supervision, including COVID-19 response, during two oversight hearings on Capitol Hill, with all four financial institution prudential regulators set to testify […]
Economic conditions have stabilized, but uncertainty for the financial system persists, a report issued Friday by the Federal Reserve stated, in advance of its top supervisor’s testimony on Capitol Hill. Also Friday, the Fed said […]
Updates to the Financial Action Task Force (FATF) list of jurisdictions with strategic anti-money laundering and combating the financing of terrorism (AML/CFT) and counter-proliferation financing deficiencies were issued in an advisory Friday from Treasury’s financial […]
A complaint against a debt-relief firm, debt-settlement firm, and the owner of both was filed Thursday by the Consumer Financial Protection Bureau (CFPB), which alleges one of the firms and the owner charged illegal advance […]
The consumer financial protection agency will take comments until Feb. 4 on its advance notice of proposed rulemaking (ANPR) on consumer access to financial records, according to a notice published Friday in the Federal Register. […]
Federal regulators on Friday issued a statement urging banks to begin working “without delay” to transition away from LIBOR (the London Interbank Offered Rate) as a reference rate in their loan contracts. “A bank may […]
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