Title: Debit Card Interchange Fees and Routing Subject: Debit interchange Agency: Federal Reserve Status: Proposed rule Summary: Regulation II implements a provision of the Dodd-Frank Act that requires the Board to establish standards for assessing […]
Title: Fair Hiring in Banking Subject: ‘Second chance’ hiring Agency: FDIC Status: Proposed rule Summary: The Federal Deposit Insurance Corporation (FDIC) proposes to revise its regulations to conform with the Fair Hiring in Banking Act […]
Increases in capital requirements for large banks that may “overestimate the risk” of certain activities is some of the feedback the Federal Reserve has received, so far, to its proposal for the new rules, the […]
With the demise of the reference rate LIBOR completed at midyear, the committee that drove the adoption of its primary alternative – the Secured Overnight Financing Rate (SOFR) – is going out of business, having […]
Consumer credit transactions and consumer leases of $69,500 or less will fall under reporting requirements of Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) in 2024 under new thresholds announced Monday by two […]
The federal credit union regulatory agency is set to hold its public briefing Thursday on its proposed 2024-2025 budget – but not until it holds a regularly scheduled board meeting to act on a final […]
A fraud scheme that was allegedly intended to obtain more than $35 million in federally backed business loans from financial institutions through false documents was charged last week against five by a federal grand jury […]
Despite some banks seeing “sizeable declines” in the fair value of some of their fixed-rate assets because of interest rate increases, the nation’s banks are sound overall, and most banks continue to report capital levels […]
A final rule designed to spread a special deposit insurance assessment among 113 banks having large amounts of uninsured deposits will be considered by the board of the federal bank deposit insurance agency when it […]
President Joe Biden’s (D) nomination of Tanya Otsuka to be a member of the National Credit Union Administration (NCUA) Board recently moved a step closer toward confirmation. Otsuka’s nomination, along with five others, was approved […]
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