Renita Marcellin, most recently with Americans for Financial Reform and previously with JPMorgan Chase, has been appointed senior advisor to National Credit Union Administration (NCUA) Board Member Tanya Otsuka, the NCUA said. Otsuka announced the […]
A “principles-based” overview of the federal bank deposit insurance agency’s administration of its responsibilities under the Bank Merger Act (BMA) is proposed in a new policy statement issued for comment on a split vote Thursday. […]
Two more top executives at a Southfield, Mich., bank received civil money penalties – totaling $270,000 – and were prohibited from future service at federally insured financial institutions, the regulator of national banks said in […]
Alleged false and misleading statements about federal bank deposit insurance coverage have earned three companies and others cease-and-desist demands from the insurance agency, it said Tuesday. PrizePool, Inc. (PrizePool), AmeriStar, LLC (AmeriStar), and HighLine Gold, […]
A long-awaited, proposed statement of policy on bank merger transactions is the top item on the agenda for next week’s open meeting of the Federal Deposit Insurance Corp. (FDIC) Board. The proposed policy statement is […]
A broker-dealer must comply with certain requirements of customer identification program (CIP) and customer due diligence (CDD) regulations when distributing to a beneficiary of an individual retirement account (IRA) funds inherited as part of a […]
Codifying the attributes that standard-setting organizations must demonstrate to be recognized under a proposed, final “open banking” rule would be accomplished before the final rule is issued, likely this fall, the head of the federal […]
An “Office Hours” by the national bank regulator’s financial technology office will be held May 21-22 in San Francisco, the regulator announced Thursday. The Office of the Comptroller of the Currency (OCC) said the two-day […]
Fines of nearly $350 million were assessed against JPMorgan Chase Bank, N.A. (JPMC) Thursday related to deficiencies in the company’s trade surveillance program, including inadequacies in monitoring trading activities for market misconduct, two regulators announced […]
Total assets in credit unions reached $2.26 trillion at year-end 2023, their federal regulator reported Tuesday, which represented a 4.1% increase over the previous year’s growth. However, according to the National Credit Union Administration (NCUA), […]
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