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[ June 13, 2025 ] Fed to reveal annual stress test results for big banks June 27; makes models public The Fed
[ June 12, 2025 ] OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more NCUA
[ June 12, 2025 ] Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall The Fed
[ June 11, 2025 ] ‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts FDIC
[ June 10, 2025 ] UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn Other

Fed to reveal annual stress test results for big banks June 27; makes models public

June 13, 2025 0

Annual stress tests results will be released June 27, the Federal Reserve said Friday, adding that the document providing details about the models used in the test are now public. This year’s stress tests covered 22 large banks. The scenario [...]
OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more

June 12, 2025 0

Eight recommendations for governance and process improvements and a discussion of the federal credit union regulator’s continuing need for third-party oversight authority are highlights of a new inspector general report on the agency’s cyber threat information sharing. In the report, [...]
Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall

June 12, 2025 0

Net worth of households nationwide fell by $1.6 trillion in the first quarter of the year, while households debt increased by a 1.9% annual rate in the same period, the Federal Reserve said Thursday. In releasing its figures for financial [...]
‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

June 11, 2025 0

Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, according to a report by [...]
UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn

June 10, 2025 0

Jonathan McKernan, previously nominated to be director of the Consumer Financial Protection Bureau (CFPB), is now instead nominated to succeed former Treasury Under Secretary for Domestic Finance Nellie Liang, who reportedly resigned from the post early this year. Treasury’s domestic [...]

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Fed to reveal annual stress test results for big banks June 27; makes models public

OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more

Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall

‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn