Following the Senate’s confirmation Tuesday of a 14-year term for one member of the Federal Reserve Board, the White House Wednesday called for immediate action on the three other board nominees now awaiting confirmation. White […]
The Federal Reserve has a “unique opportunity” resulting from new legislation to further tailor its supervision and regulatory framework for large banks – but how it employs that opportunity will be subject to debate, the […]
Federal Reserve Board Chairman Jerome Powell on Wednesday told lawmakers he currently sees cyber risk as the top threat to the stability of the nation’s financial system. Powell, during a House committee hearing, said regulators […]
Nine credit unions have agreed to pay a total $3,109 in penalties for filing late fourth-quarter 2017 call reports, the federal credit union regulator said Wednesday. In a release, the National Credit Union Administration (NCUA) […]
A congressional oversight agency review of civil money penalty (CMP) reporting by federal agencies does not contain information from federal financial institution regulators, primarily because those agencies are not generally required to file agency financial […]
A $66 billion Utah-based bank would not be considered “systemically important” to the U.S. financial structure under federal banking rules following the bank’s merger with its parent company, under a proposed decision reached Wednesday by […]
The Treasury Financial Crimes Enforcement Network (FinCEN) has four proposals out on the renewal of Bank Secrecy Act/anti-money laundering (BSA/AML) program requirements for insurance companies and non-bank residential mortgage lenders and originators; suspicious activity reporting […]
The Senate, Tuesday on a vote of 66-33, confirmed Randal Quarles to a full, 14-year term as a member of the Board of Governors of the Federal Reserve System. This term lasts through Jan. 31, […]
The House, on Tuesday voting 406-4, passed a broad, bipartisan capital-formation measure that would also reduce the frequency of banking company resolution plans (living wills), provide a safe harbor for financial institutions keeping some suspicious […]
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