How banks are taking into account climate-related risk in their modelling and management of credit, market, liquidity, and operational risks will require over time the development of a framework for evaluating their efforts, a Federal […]
With barely two weeks left in 2020, the National Credit Union Administration (NCUA) Board on Thursday approved the agency’s final budget figures for 2021 and 2022 and approved a final rule that will, in time […]
Debt collectors must provide, at the outset of collection communications, detailed disclosures about the consumer’s debt and rights in debt collection, along with information to help consumers respond, under a final rule issued Friday by […]
Members of the Federal Reserve Board’s Community Depository Institutions Advisory Council (CDIAC) for 2021 were announced in a release Thursdayy. This Fed council includes one member each from the local advisory councils at the 12 […]
With about just under nine weeks left for public comments, the Federal Reserve Board’s point person on the agency’s Community Reinvestment Act (CRA) advance notice of proposed rulemaking (ANPR) focused her remarks before a banking […]
Well-capitalized, federally insured credit unions could count subordinated debt as capital for risk-based net worth purposes under a new rule approved by the board of the federal credit union regulator at its meeting Thursday. Key […]
In other action at the Thursday meeting of the National Credit Union Administration (NCUA) Board, it issued one final rule and three proposed regulations – with three of those approved on split votes, and with […]
Five new members have been named to the Federal Reserve’s Consumer Advisory Council (CAC) and will begin three year-terms in January, the Fed announced Thursday. The CAC includes experts and representatives of consumer, workforce, and […]
The asset-size thresholds that determine what is a “small” or “intermediate small” bank for Community Reinvestment Act examination purposes will increase on Jan. 1 under action announced Thursday by the Federal Reserve and Federal Deposit […]
The first large-scale study by the federal deposit insurer on the state of the nation’s community banks since 2012 was released Wednesday and covers the period from year-end 2011 through year-end 2019. The Federal Deposit […]
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