Top headlines in today’s news …
Complaints about credit or consumer reporting, for the second straight year, was the leader in 2018 as the “most-complained about” consumer financial product or service, according to the federal consumer financial protection agency’s Consumer Response […]
“Interconnectedness” of large banking organizations would be limited under a proposal issued by the federal banking agencies Tuesday and aimed at reducing the impact of a failure of a large financial firm. The Federal Deposit […]
An inspector general report on three credit unions that failed in 2018 under the weight of taxi medallion loans, costing the federal share insurance fund an estimated $765.5 million, recommends that the federal regulator improve […]
The head of the consumer financial protection agency will chair the umbrella Federal Financial Institutions Examination Council (FFIEC) through March 31, 2021, the council announced Monday. Kathleen (“Kathy”) Kraninger, director of the Consumer Financial Protection […]
Federal Deposit Insurance Corp. (FDIC) Board Member Martin Gruenberg said he voted against issuing the letter to Northern Trust Corp. regarding its living will, citing unrealistic assumptions about the bank’s proposed transfer of uninsured and […]
Modified loan application registers (LARs) data for about 5,400 financial institutions were released Friday by the federal consumer financial protection agency, marking the first time the registers were released with additional data required under regulations […]
Calling the current, zero countercyclical capital buffer (CCyB) set by the Federal Reserve the “current appropriate setting” for the CCyB, the Fed’s top supervision official on Friday also noted with interest the flexibility afforded under […]
A document providing additional information on the Federal Reserve’s stress test models, aimed at improving public understanding of the stress tests of large banking institutions, was released by the Fed Thursday. The document’s release, the […]
Fintech, nonbank financial intermediation, and evaluation of “too-big-to-fail” reforms are all on the list of “must dos” for the international body of regulators responsible for financial stability in countries across the globe, the Federal Reserve’s […]
A reminder that criminal penalties – fines, jail time, or both – may be imposed on federally chartered banks and thrifts for unauthorized disclosure of examination (CAMELS) ratings and certain other supervisory information was issued Tuesday by […]
Copyright (c) 2022, RegReport.info; Contact: editor@regreport.info