Top headlines in today’s news …
With a spreading coronavirus, cratering stock market, and new fears about a global recession emerging as background Monday, regulators began applying updated guidance that financial institutions should follow to minimize potential adverse effects of a […]
The former general counsel of the National Credit Union Administration (NCUA), then also the agency’s designated ethics official, retired from the agency a day after his interview with the agency inspector general’s office over allegations […]
The federal agency charged with financial consumer protection on Friday announced it is implementing an advisory opinion program, issuing a revised “responsible business conduct bulletin,” and proposing legislation authorizing the agency to award whistleblowers who […]
The federal bank deposit insurer is seeking to encourage about 20% of its staff to take voluntary retirement or to separate early as it seeks to “reshape the agency’s workforce for the future and to […]
Federal banking regulators on Thursday announced they have postponed their 2020 interagency Community Reinvestment Act conference, previously set to kick off next Monday, due to public health concerns related to the coronavirus known as COVID-19. […]
A final rule that creates a stress capital buffer (SCB) integrating the Fed’s stress test results with its non-stress capital requirements was approved Wednesday by the board, which also released instructions for the 2020 comprehensive […]
For the second time this year – and only the sixth time in 14 years – a financial institution has received a rating of “substantial noncompliance” from the federal insurer of bank deposits for its […]
Cutting interest rates by half a percentage point was not action taken after political pressure was applied, the chair of the Federal Reserve Board indicated Tuesday, but was based on what the agency’s rate-setters believed […]
The federal regulator of national banks will be the subject of an oversight hearing March 24 in the Senate, according to the schedule posted on the Banking Committee’s website Monday. The scheduled sole witness for […]
Banks made 1.5% less money in 2019 than the previous year, but still cleared more than $233 billion in profits – the second-highest ever, the federal insurer of bank deposits said Tuesday. In releasing fourth-quarter (and […]
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