Meghji – Regulatory Report

What's up

[ December 12, 2024 ] Final overdraft rule issued; offers banks, credit unions three options for ‘managing’ programs CFPB
[ December 12, 2024 ] Third-quarter numbers show net income down at banks, perhaps briefly; weakness emerging in some asset categories FDIC
[ December 12, 2024 ] Trading revenue up slightly at third quarter’s end – but well ahead of a year ago OCC
[ December 11, 2024 ] Report recommends raising threshold for filing cash transaction reports; notes no change since 1972 Other
[ December 11, 2024 ] Comments due March 11 on banking agencies’ reg review (part 3) FDIC

Chief innovation officer quits at FDIC; claims ‘tech hesitancy’ among agency’s workforce

February 22, 2022 0

The chief innovation officer at the federal insurer of bank deposits – who was hired about a year ago after a search of more than two years by the agency – resigned Friday, citing hesitancy […]

Final overdraft rule issued; offers banks, credit unions three options for ‘managing’ programs

December 12, 2024 0

A final rule on overdraft lending programs for large banks and credit unions was finalized Thursday that, the federal consumer financial protection agency said, gave the financial institutions “several options to manage their overdraft lending program.” The Consumer Financial Protection [...]
Third-quarter numbers show net income down at banks, perhaps briefly; weakness emerging in some asset categories

December 12, 2024 0

Net income was down 8.6% at the nation’s banks in the third quarter, but that decrease came mostly from one-time gains on equity security transactions reported in the previous quarter, according to the federal insurer of bank deposits. Also, the [...]
Trading revenue up slightly at third quarter’s end – but well ahead of a year ago

December 12, 2024 0

Trading revenue was up 1.6% – or $263 million – in the third quarter for banks and savings associations, the national bank regulator said Thursday, and up 25% from the same period one year ago. The total for the third [...]