The $100 million civil money penalty assessed last month against Capital One, N.A., McLean, Va., and Capital One Bank (U.S.A.), N.A., Glen Allen, Va., over Bank Secrecy Act/anti-money laundering (BSA/AML) compliance program deficiencies is included […]
The Senate will consider the confirmation of a permanent director for the federal consumer financial protection agency within the next couple of weeks under unanimous consent, the Senate leader’s schedule shows. Exact timing is unclear; […]
An average 2.5% increase in the fees charged by Federal Reserve Banks for payment services to depository institutions (priced services) is set to take effect Jan. 2, the Federal Reserve Board said Friday. The Reserve […]
Substantially simplifying capital requirements for community banks is a key priority for her, the chairman of the Federal Deposit Insurance Corp. (FDIC) board said Friday – and a proposal being considered Tuesday by the board […]
Final rule changes to simplify rules for check collections and have them better conform with requirements of a funds availability rule were approved Thursday by the Federal Reserve Board, the agency announced the same day. […]
Results of the latest national survey gauging the range and extent of unbanked and underbanked households will be discussed Nov. 28 during a 90-minute teleconference sponsored by the federal insurer of deposits in banks – […]
The Federal Reserve Board will consider exempting firms with less than $250 billion in assets from comprehensive capital analysis and review (CCAR) quantitative assessment and supervisory stress testing in 2019, the board’s top supervisory regulator […]
A proposal allowing banking institutions under $5 billion in assets to use a streamlined call report form and to reduce the amount of reporting required in the first and third calendar quarters is finally headed […]
Federal and state financial institution regulators teamed up Thursday to offer regulatory assistance to financial institutions affected by the wildfires in California that have killed scores of people, left hundreds unaccounted for, and made thousands […]
A fifth seat on the Federal Reserve Board of Governors is officially filled, as the Senate Thursday confirmed Michelle (“Miki”) Bowman as a member, to represent community bankers. Bowman was confirmed on a vote of […]
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