Top headlines in today’s news …
A proposal for determining when a firm has obtained control of a bank and must register as a bank holding company was released for a 60-day comment period by a unanimous vote of the Federal […]
More information about potential violations of law, and specifics about business activities subject to supervision, will be included in future “civil investigative demands” (CIDs), the federal consumer financial protection agency said Tuesday. In a release, […]
The federal insurer of bank deposits is inviting input on possible changes to its resolution planning requirements for insured depository institutions (IDIs), including a potential change in the $50 billion asset threshold for covered institutions, […]
In its first open meeting featuring a full complement of three members since 2016, the NCUA Board on Thursday issued an advance notice of proposed rulemaking (ANPR) that seeks comments on how current rules could […]
The physical security risk management process at the federal insurer of bank deposits needs improvement, specifically regarding policies and procedures, quality control standards, training and recordkeeping, a new report issued Tuesday states. Nine recommendations are […]
Three proposed rules tailoring regulation for foreign banking organizations (FBOs), altering the “living wills” development process for larger banks, and considering further changes to the resolution planning process, were released for comment Tuesday by the […]
Ten priority recommendations for the Federal Reserve, in three areas, are identified in a letter to the central bank by the congressional watchdog that “could significantly improve the Federal Reserve’s efforts to more effectively oversee […]
Bank regulators need to create a supervisory environment that does not hinder integration of responsible innovation into the strategic direction a bank chooses, the Federal Reserve’s community bank representative said Thursday. “Supervisors need to recognize […]
In a surprising move Monday, incoming National Credit Union Administration (NCUA) Board Member Rodney E. Hood was designated chairman of the agency panel by President Donald Trump. Hood was sworn into office by his predecessor […]
Updated “frequently asked questions” (FAQs) about the new accounting standard on credit losses hit the street Wednesday, combining new questions and answers with those issued two and three years ago and replacing others. The Federal […]
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