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What's up
  • [ December 19, 2025 ] Debit, prepaid card transactions slowed down in 2021-23 – but interchange fees grew, Fed report finds The Fed
  • [ December 19, 2025 ] Fed wants comments on new payment account, ‘tailored’ to meet ‘limited needs’ of banks, credit unions The Fed
  • [ December 19, 2025 ] Banks’ Q3 trading revenue up 12.7% over year ago, OCC reports OCC
  • [ December 19, 2025 ] Agency releases latest version of CECL accounting tool for use by small credit unions NCUA
  • [ December 18, 2025 ] NCUA 2026 budget set at $316.2 million, down 20% from 2025 NCUA
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18dec19

The Fed

Fending off Trump criticisms, Powell says political considerations ‘play no role’ in rate discussions

December 19, 2018 0

The Federal Reserve will continue to go about its business and not be distracted by political considerations, the chairman of the central bank’s board said Wednesday in backing the independence of his agency. He also […]

FDIC

FDIC sets final brokered deposits rule under EGRRCPA; issues ANPR as part of comprehensive reg review

December 19, 2018 0

A final rule excepting a capped amount of some federally insured banks’ reciprocal deposits from treatment as brokered deposits is set to take effect 30 days after it’s published in the Federal Register, the federal […]

CFPB

Fintech lenders need more guidance on use of alternative data, GAO finds

December 19, 2018 0

While alternative data is helpful for financial technology, or “fintech,” companies to use in determining borrowers’ creditworthiness, the Consumer Financial Protection Bureau and the federal banking agencies should communicate with these lenders about how to […]

FDIC

EGRRCPA-driven changes to stress-test rules proposed by FDIC, OCC

December 19, 2018 0

All federally supervised banks and savings associations that have less than $250 billion in assets would be exempt from regulators’ company-run stress test requirements under proposed rules issued Tuesday to implement provisions of this year’s […]

NCUA

For 1st time since ’06, bank insurer hopes to end year with 0 failures; CU insurer hopes for status quo

December 19, 2018 0

With less than two weeks left in the year, officials at the federal insurer of deposits in banks are keeping their fingers crossed that a “zero sum” will continue undisturbed. Meanwhile, over at the federal […]

CFPB

Asserting leadership (and picking battles), new consumer bureau director unplugs name change plan of predecessor

December 19, 2018 0

Possibly in a move to pick her battles, the new director of the federal consumer financial protection agency Wednesday told her staff that she was pulling the plug on a name change instituted by her […]

FDIC

FDIC adopts final rule allowing optional ‘phase-in’ of CECL for regulatory capital

December 19, 2018 0

A final rule allowing a three-year phase-in of new accounting rules to ease the impact for banks on regulatory capital requirements was approved by the Federal Deposit Insurance Corp. (FDIC) Board Tuesday. The final rule […]

Today

  • Debit, prepaid card transactions slowed down in 2021-23 – but interchange fees grew, Fed report finds

    December 19, 2025 0
    Debit and general-use prepaid card transactions grew at a slower rate in the period 2021-23 than previous periods, the Federal Reserve said Friday, and interchange fees have been rising. In its biennial, statutorily mandated report on debit card transactions, summarizing [...]
  • Fed wants comments on new payment account, ‘tailored’ to meet ‘limited needs’ of banks, credit unions

    December 19, 2025 0
    A new “payment account” — tailored to meet the limited needs of eligible financial institutions seeking payments and settling services – is being considered by the Federal Reserve, and the agency said Friday it wants comments on the idea. In [...]
  • Banks’ Q3 trading revenue up 12.7% over year ago, OCC reports

    December 19, 2025 0
    U.S. commercial banks and savings associations had $18.4 billion in cumulative trading revenue in the third quarter of this year – $1.8 billion (10.9%) more than the previous quarter and $2.1 billion (12.7%) more than a year ago, the national [...]
  • Agency releases latest version of CECL accounting tool for use by small credit unions

    December 19, 2025 0
    The latest version of a tool for navigating current expect credit loss (CECL) accounting requirements for small, complex credit unions was released Thursday by the federal credit union regulator as part of a quarterly update. The tool is an option, [...]
  • NCUA 2026 budget set at $316.2 million, down 20% from 2025

    December 18, 2025 0
    The combined budgets of the National Credit Union Administration (NCUA) in 2026 will total $316.15 million, about $2.36 million more than proposed but 20% below the agency’s 2025 budget, according to action apparently taken Wednesday and announced in Thursday’s open [...]
  • NCUSIF still expected to close 2025 at 1.3%

    December 18, 2025 0
    No change in the projected year-end equity ratio of the National Credit Union Share Insurance Fund (NCUSIF) is offered in the latest briefing on the fund, provided during Thursday’s open meeting of the National Credit Union Administration (NCUA) Board. The [...]
  • Expecting rule change at Fed, agencies say they will no longer issue annual notice warning of insider lending restrictions

    December 18, 2025 0
    Two federal banking agencies will no longer issue an annual letter to banks outlining their expectations for compliance with insider lending restrictions and related reporting requirements, an effort toward “greater certainty,” they said in a joint letter issued Thursday. Instead, [...]
  • Comptroller terminates six enforcement actions, including one against Citibank

    December 18, 2025 0
    A 2024 amendment to an earlier consent order against Citibank, N.A., was among six terminations of orders issued by the national bank regulator in December and released Thursday. The order terminations were the only enforcements reported by the Office of [...]
  • Agency decides to clear the books of bulletins, other issuances made over 40-year period

    December 18, 2025 0
    Fifty-five outdated or replaced bulletins and other issuances – including advisory letters, circulars, and more — were rescinded by the national bank regulator Thursday; the issuances were published over a 40-year period, the regulator said. In addition, the Office of [...]

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