The federal consumer protection agency and the federal financial institution regulators are the subject of 10 recommendations made by the congressional watchdog, including assessing effectiveness of mortgage disclosure guidance and reporting rationales for their actions. […]
The future on the board of the federal deposit insurer for the current chairman is unclear, according to remarks given by the chairman himself during a press conference about fourth-quarter and year-end 2017 bank performance. […]
The new tax law cost banks profitability in the fourth quarter of 2017, as banks reported net income down nearly 41% from the same period a year earlier, the federal insurer of bank deposits said […]
A “retrospective review” by banks of their enforcement of anti-money laundering laws is recommended by a congressional watchdog after its survey found an estimated four out of every five (80%) banks near the Southwest U.S. […]
Saul Schwartz, a 29-year veteran of the Federal Deposit Insurance Corp. (FDIC), is the permanent director of the agency’s Office of Minority and Women Inclusion (OMWI). He has been serving in an acting capacity since […]
Bank and thrift earnings in the fourth quarter 2017 – and all of last year – will be announced at a press briefing Tuesday by the Federal Deposit Insurance Corp. (FDIC). FDIC Board Chairman Martin […]
Chairman Martin Gruenberg will hold a press briefing on Tuesday, February 27, 2018, at 10:30 a.m. EST, to announce the bank and thrift industry earnings for the fourth quarter and year-end 2017. The briefing will […]
Following no comments received last fall, the three federal banking agencies are moving forward on their proposal to combine three separate, yet identical, stress test reports into a single new Federal Financial Institutions Examination Council […]
The Federal Financial Institutions Examination Council (FFIEC) has updated its Home Mortgage Disclosure Act (HMDA) guide for the collection of 2018 data due to be reported March 1, 2019. The umbrella agency represents federal regulators […]
A new chapter in the bankruptcy code for distressed financial companies would be a “more effective option” than existing requirements for “orderly liquidation authority (OLA),” the Treasury Department recommended Wednesday. In a report to President […]
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