The overall score earned by the information security program of the federal bank deposit insurer shows the agency’s program remains less than effective, according to the metrics used for the evaluation detailed Monday by the […]
Credit risk in the areas of agriculture, commercial real estate, energy, housing, leveraged lending and corporate debt, and nonbank lending, and market risk in the areas of interest rate risk and deposit competition, and liquidity are […]
A joint-agencies proposal to revise swap margin rules to remove the need for holding initial margin for uncleared swaps with affiliates is headed for publication soon in the Federal Register, after which comments will be […]
After nearly three weeks, a final rule extending the threshold for reporting information under the Home Mortgage Disclosure Act (HMDA) to January 2022 for lenders making 500 open-end lines of credit or fewer is ready […]
About an hour after announcing the second insured-bank failure of 2019, the federal insurer of bank deposits announced a third failure – that of Resolute Bank in Maumee, Ohio, which was closed Friday by the […]
A second bank has failed this year as the federal insurer of bank deposits said Friday it closed a Kentucky institution at a cost of $4.5 million. The Federal Deposit Insurance Corp. (FDIC) said it […]
An Oregon bank has agreed to pay a $275,000 civil money penalty (CMP) for placing telemarketing calls to consumers on the “Do-Not-Call” registry and using an automated dialing system to send pre-recorded or text messages […]
Four individuals were named to the Community Advisory Council (CAC) of the Federal Reserve Board Thursday for three-year terms that begin in 2020. The council is composed of a diverse group of experts and representatives […]
Four U.S. financial institution and capital markets regulators announced they have joined the Global Financial Innovation Network (GFIN), a global network of regulators and other organizations focused on financial innovation “in the interests of consumers.” […]
A “phase in” of a court’s ruling allowing expanded credit union membership eligibility got underway Thursday when the federal credit union regulator proposed new rules, despite the banking industry’s vow to continue to try and […]
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