The threshold for collecting and reporting data about open-end lines of credit will increase for some financial institutions for a two-year period, beginning Jan. 1, according to a final rule scheduled to be published by […]
Following the Oct. 2 release of its 2018-19 proposed budget, NCUA plans for an Oct. 18 public briefing on its spending plan, with an aim of “budget transparency” according to Board Chairman J. Mark McWatters. […]
Any U.S. top-tier bank holding company identified as a global systemically important banking organization (GSIB), and some of its subsidiaries, as well as U.S. operations of some foreign GSIBs, would be subject to restrictions on […]
Reducing the standard settlement cycle for securities purchased or sold by national banks and other financial institutions to two days, instead of three, has been proposed by the OCC and the FDIC in a joint […]
Comments about an extension of time to collect information about the small business lending market are due Thursday (Sept. 14) to the CFPB. In May, the bureau issued a request for information about small business […]
A decision on whether the NCUA budget will be subject to the congressional appropriations process will have to wait at least one more day as the House has delayed votes to Tuesday evening, due to […]
Nominations for Comptroller of the Currency and Federal Reserve vice chairman for supervision were recommended for confirmation to the full Senate Thursday by the Senate Banking Committee on split votes. The committee recommended, 13-10, that […]
Stanley Fischer, vice chairman of the Federal Reserve Board of Governors, has resigned effective Oct. 13, the central bank announced Wednesday. He joined the board in May 2014; his term was scheduled to end in […]
The new “current expected credit loss” (CECL) accounting standard is addressed in updated “frequently asked questions” (FAQs) issued by federal financial institution regulatory agencies, focusing on the methodology for estimating credit loss allowances and related […]
Surveys about usage of pre-paid card usage would be continued under a proposal by the Federal Reserve, to be published Thursday. Under the proposal, both the mandatory and voluntary versions of the “Government-Administered, General-Use Prepaid […]
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