Reporting of agreements between insured depository institutions and non-governmental entities or persons (NGEPs) intended to fulfill community reinvestment requirements would be extended for another three years under a proposal by the Federal Reserve. The Office […]
Another Financial Institution Letter (FIL) regarding the reduced reporting explained in an earlier one Friday by the three federal banking agencies was issued by the Federal Deposit Insurance Corp. (FDIC) alone later in the day. […]
They are at it again. Federal Reserve Board Chairman Jerome H. (“Jay”) Powell and President Donald Trump spoke by phone for five minutes in May, according to the calendar for the month released by the […]
A final rule on reduced reporting on reports of condition for institutions that have less than $5 billion in assets, and that meet other criteria, is highlighted in a Financial Institution Letter issued Friday by […]
Next week will be a big one for Federal Reserve watchers, as both the board chairman and vice chairman for supervision offer comments on stress testing, financial regulation and (of course) monetary policy – or […]
Key financial institutions, including the largest banks in the nation, continue to be well capitalized and hold large quantities of liquid assets – but concern continues about the rapid build up of “leveraged lending” to […]
Two-thirds of actively used credit card accounts carry a revolving balance, with balances revolved continuously for about 10 months, according to a “Data Point” report issued by the research unit of the Consumer Financial Protection […]
Two of the four remaining open slots on the leadership boards of federal financial regulators would be filled if two “intended nominees” for the Federal Reserve Board, named in Twitter announcements Tuesday by President Donald […]
Of the 91 banks assigned Community Reinvestment Act (CRA) evaluation ratings by their federal regulator in April, two were rated “needs to improve” while four were rated “outstanding,” according to information released Wednesday by the […]
A new Insurance Policy Advisory Committee on International Capital Standards and Other Insurance Issues is being formed by the Federal Reserve Board under requirement of last year’s regulatory relief law, and the Fed is seeking […]
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