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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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The Fed

Early February swearing-in likely for Powell as Fed Board chair

January 23, 2018 0

Jerome H. “Jay” Powell is the next chairman of the Federal Reserve Board, having been confirmed by the Senate Tuesday on a vote of 84-13; he succeeds Janet Yellen as chairman. In her resignation letter […]

The Fed

In hearing, Democrats prove to be no ‘Goodfriend’ to Fed nominee

January 23, 2018 0

Policies that would increase transparency and accountability at the Federal Reserve would be promoted by the nominee to the Federal Reserve Board, he told a Senate committee Tuesday – before he faced a grilling by […]

FDIC

FDIC chairman nominee calls herself ‘uniquely prepared’ to be leader of agency

January 23, 2018 0

The nominee to lead the federal bank deposit insurance agency said she is “uniquely prepared” for the job, citing her background as a former congressional and Federal Reserve staffer and as a bank executive. In […]

FDIC

At last minute, White House shifts McWilliams’ nomination at FDIC to take seat of Hoenig, whose term soon expires

January 23, 2018 0

A last-minute change in the nomination of a new chairman for the bank insurance fund board would result in the vice chairman of the board leaving by March, according to new information posted by the […]

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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