Top headlines in today’s news …
A 60-day request for public comments was issued Friday on a proposal to have the Federal Reserve Banks’ two large-value payment services, the Fedwire Funds Service and the National Settlement Service (NSS), operate seven days […]
Managing risks presented to community banks by third-party relationships – especially about development and implementation of management practices – is the aim of a guide issued jointly Friday by the federal banking agencies. The guide, “Third-Party […]
Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, […]
Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller […]
Financial and privacy risks are growing through video gaming marketplaces in banking options and payments, the federal consumer financial protection agency said Thursday, warning that it will now be monitoring those spheres. In a report […]
Population shifts resulting from the coronavirus crisis starting in 2020 affected community bank deposits and loans, even as rural areas gained population and metropolitan areas saw the numbers of people there decline, the federal insurer […]
This article was updated April 1, 2024. Should banks be allowed to collect just a piece of an individual’s social security number prior to account opening to satisfy a key obligation under Bank Secrecy Act […]
A third-party review of the workplace culture for the federal bank deposit insurance agency will be overseen by three non-voting members who were named Friday, the agency announced. Linda Miller, Elizabeth McCaul and Valerie Mosley […]
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. […]
“Large card issuers” are now subject to a much lower safe harbor amount for penalty fees and restrictions on fees for subsequent violations to ensure that late fees they charge are “reasonable and proportional” as […]
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