Twenty-two payments industry leaders and subject matter specialists – from banks, credit unions, payments system vendors, Treasury and others – have been named to the Federal Reserve-sponsored Fraud Definitions Work Group, the latest initiative in […]
Title: Loans to Members and Lines of Credit to Members Subject: Lending Agency: NCUA Status: Final rule Summary: The NCUA Board is amending its regulations regarding loans to members and lines of credit to members […]
Title: Disclosure of Financial and Other Information by FDIC-Insured State Nonmember Banks Subject: Reporting Agency: FDIC Status: Final rule Summary: The Federal Deposit Insurance Corporation (FDIC) is amending its regulations by rescinding and removing its […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Federal Reserve Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the […]
A settlement of $335 million with a prominent accounting firm is final, related to professional negligence claims brought against the firm after audits of a failed Alabama bank by its federal insurer. However, not everyone […]
Financial institutions and payment organizations should watch their mailboxes for invitations being sent this month to participate in the Federal Reserve’s triennial payments study – which will actually be two studies in one, the central […]
Annual disclosures of financial and other information would no longer be required for insured state nonmember banks and insured state-licensed branches of foreign banks under a final rule set for publication as early as next […]
Qualifying swaps may be transferred from a United Kingdom entity to an affiliate in the European Union or the United States without triggering new margin requirements under an interim final rule issued Friday by the […]
Rodney E. Hood and Todd M. Harper were confirmed by the Senate late Thursday on a unanimous consent vote to two seats on the NCUA Board. Once they are sworn into office, the pair will […]
The proposed merger of BB&T Corporation (Winston-Salem, N.C.) with SunTrust Banks, Inc. (Atlanta, Ga.) will be discussed publicly April 25 and May 3 during meetings held jointly by the Federal Deposit Insurance Corp. (FDIC) and […]
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