Appeals of material supervisory determinations are now being considered by the new office of supervisory appeals for the federal insurer of bank deposits, the agency said Monday, adding the new group will enhance its independence. […]
Creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022, a final rule issued Tuesday by the federal consumer financial protection agency states, which includes closed- and open-end credit provisions that […]
Weak loan demand and low net interest margins (NIM) continue to weigh on performance of national banks, their federal regulator said Monday, punctuated by higher operational and compliance risks. In its Semiannual Risk Perspective for […]
Credit unions improved their net worth ratios in the third quarter compared to the previous quarter, and kept their return on aggregate average assets stable, according to call report results released Monday by their federal […]
Signaling the final countdown to the end of the soon-to-be-defunct LIBOR reference rate, fallback recommendations for 1-week and 2-month USD LIBOR contracts using a Federal Reserve-developed alternative were released Friday, designed to meet statutory requirements […]
The federal credit union regulator’s schedule of other assets and contributed capital as of Sept. 30, 2021, presents information fairly and in conformity with U.S. generally accepted accounting principles (GAAP), the agency’s Office of Inspector […]
The national banking regulator is soliciting papers and research that will inform the agency’s work developing climate-related financial risk management guidance for regulated institutions, the agency said Friday. The Office of the Comptroller of the […]
Four out of the 46 banks that received their Community Reinvestment Act (CRA) ratings from the federal bank deposit insurer in September were rated “outstanding” for their efforts under the anti-redlining statute, according to information […]
An analysis of how the federal bank deposit insurer terminates Bank Secrecy Act/anti-money laundering (BSA/AML) consent enforcement orders led to the agency’s inspector general office citing a lack of transparency on the agency’s part and […]
Reflecting on his four years as a member of the Federal Reserve Board, outgoing Gov. Randal Quarles (and former vice chair for supervision) Thursday outlined areas of “unfinished business” for his successor – including further […]
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