Regulatory capital rules are on the discussion agenda of the Federal Deposit Insurance Corp. (FDIC) Board meeting slated July 27, marking a step forward in banking regulators’ plans to issuing joint proposed rules for implementing […]
A $15 million civil money penalty (CMP) was assessed against a bank owned by one of the nation’s largest credit card companies, the regulator of national banks announced Tuesday. The fine, assessed in a consent […]
Regulators cannot tolerate corporate actors using opaque artificial intelligence (AI) fed by inaccurate information to deny or gouge tenants on rental housing, the director of the federal consumer financial protection agency said Tuesday. In remarks […]
No comprehensive regulatory authority exists over the spot market for crypto assets that are not securities, and there are gaps in the regulatory oversight of stablecoins, according to a report issued Monday by the congressional […]
The conduct of a failed Swiss bank has earned the financial institution that took it over in June a $268.5 million fine, the Federal Reserve said Monday, blaming unsafe and unsound counterparty credit risk management […]
Some banks are incorrectly omitting uninsured deposits that are collateralized by pledged assets from their call report estimates of uninsured deposits, the Federal Deposit Insurance Corp. (FDIC) said Monday. In a Financial Institution Letter (FIL), […]
Proposed rules to implement the Basel III endgame agreement for large banks and adjustments to the surcharge for U.S. global systemically important banks (G-SIBs) will be discussed by the Federal Reserve Board during an open […]
Nearly four years after announcing its intention to launch a round-the-clock payment service, the Federal Reserve Thursday said the day had finally arrived: the FedNow Service, the 24-hour-a-day tool for providing faster payments, is finally […]
This story updated based on Federal Register notice July 26. A final rule giving federal credit union (FCU) boards authority to expel a member for cause was approved July 20 by the National Credit Union […]
Pay and benefit costs coming in slightly under projection is the reason for one-third of a $5.1 million operating budget surplus expected by year-end at the National Credit Union Administration (NCUA), the agency’s chief financial […]
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