Improving the accounting for and disclosure of certain crypto assets is the aim of a proposed accounting standards update (ASU) announced Thursday by the accounting profession. The Financial Accounting Standards Board (FASB) said the proposed […]
Two key updates were made for the simplified tool credit unions may use to determine the impact of credit loss accounting standards on their financial statements, their federal regulator said Thursday. According to the National […]
Neither the commercial real estate (CRE) nor the residential real estate markets pose a significant risk to the U.S. financial system in the foreseeable future, but growing weaknesses in both will be tested in a […]
More than $24 million in fines and restitution for alleged illegal debt collection practices has been proposed against a Norfolk, Va., firm by the federal consumer financial protection agency Thursday in what it termed action […]
Theoretically, digital currencies that are fully integrated into the financial system may lead to improvement in household welfare and decrease financial system volatility but could weaken banking-sector stability, according to a working paper published Wednesday […]
Developments related to the failure of two large banks two weeks ago continued to emerge this week, with regulators promising a complete review of regulation and supervision, and even action for smaller banks should the […]
The federal panel that oversees states’ real estate appraiser and appraisal management company (AMC) requirements is seeking comments on a proposed “appraiser profession survey” that will focus in good part on barriers to entry to […]
Supervision and regulation of large banks will need to be strengthened in the wake of the recent failure of two institutions, the chair of the Federal Reserve Board said Wednesday. Speaking to the press following […]
Activities, policy initiatives, and accomplishments of the federal credit union regulatory agency throughout 2022 are detailed in its annual report released Tuesday. The National Credit Union Administration (NCUA) looked at the past year’s most significant […]
“Financial Stability in Times of Macroeconomic Uncertainty” is the topic for the November 2023 Financial Stability Conference, the Treasury’s financial research arm said Tuesday. In a release, the Treasury’s Office of Financial Research (OFR) said […]
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