Federal Reserve Board Gov. Lael Brainard describes the Fed’s outlook for its FedNow service, the core functionalities of which were approved this week by the Federal Reserve Board, during a video conference Aug. 6. She […]
Consolidating its online tools for researching banks, including their financials and details on mergers, is the aim of a new section on the website of the federal insurer of bank deposits, the agency said Wednesday. […]
A 2019 data breach affecting the personal information of more than 100 million credit card customers and credit card applicants of Capital One has yielded an $80 million civil money penalty for the bank and […]
A “target launch date” of 2023 or 2024 for the Federal Reserve’s new round-the-clock payments service was announced Thursday by the central bank, with a more specific time frame to be announced later “after additional […]
The federal bank deposit insurer on Aug. 1 terminated the receiverships of United Security Bank, Sparta, Ga., and Town Community Bank & Trust, Antioch, Ill., the agency said in a notice for the Federal Register. […]
The nomination of a new member to the board of the federal regulator of credit unions was recommended for confirmation by the Senate Banking Committee Wednesday, but only after receiving some opposition by the panel’s […]
An interim final rule codifying the “standard withdrawal period” for a collective investment fund (CIF) and allowing for an exception, with the regulator’s approval, was issued for comment Tuesday by the Office of the Comptroller […]
Black business owners declined by 41% from February to April 2020, the period of the initial financial impact of the coronavirus crisis, largely because of several factors, including that areas with high volume of virus […]
Three banks that earned ratings of “outstanding,” and one a rating of “needs improvement,” were among the 64 institutions rated for compliance with anti-redlining laws in May, the federal insurer of bank deposits said Tuesday. […]
Prudent risk management and consumer protection principles for borrowers nearing the end of accommodation periods due to the impact of the coronavirus crisis were outlined in a joint statement issued Monday by federal and state […]
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