Building on feedback from stakeholders and research, three federal agencies have issued updates to the 50-plus-year-old Community Reinvestment Act to strengthen and modernize its regulations to better achieve the purposes of the law.
Read More »Feds Prep Large Financial Institutions to Brace for Climate-Related Risk
The OCC, FDIC, and Federal Reserve have outlined a framework for the safe and sound management of exposure to climate-related financial risks for large financial institutions. Here’s what that means for the industry.
Read More »Survey: Banks Prioritize Compliance When Vetting Fintech Partners
As financial institutions evaluate their tech budgets, experts say concern about data security takes a front seat, as fintech firms must prioritize risk and compliance in today's marketplace.
Read More »Banking Regulators Seek Comment on Rules to Strengthen Capital Requirements
The OCC, Treasury Department, Federal Reserve, and FDIC have jointly issued a proposal to modify large bank capital requirements to better reflect underlying risks, and increase the consistency of how banks measure their risks.
Read More »Federal Agencies Issue Guidance on Third-Party Risk Management
inal guidance from the Federal Reserve, FDIC, and OCC outlines principles and considerations for banking organizations’ risk management of third-party relationships.
Read More »Thompson Testifies Before Senate Banking Committee
Acting FHFA Director Sandra L. Thompson spoke before the Senate Banking Committee, pending her confirmation as Director of the Agency.
Read More »Federal Agencies Encourage Community Reinvestment in Puerto Rico
The economic concerns following the destruction of Hurricane Maria stretch further than the islands. As some states are faced with an influx of refugees putting a strain on their housing market, the federal agencies step in to address the issues at hand.
Read More »Trump Nominates Goodfriend for Fed Board
Marvin Goodfriend has been a vocal critic of the Fed’s handling of the 2008 financial crisis, and has called for more Congressional oversight.
Read More »Yellen Talks Economic Outlook as Tenure Winds Down
Federal Reserve Chair Janet Yellen delivered her Economic Outlook testimony on Wednesday—which could be her last appearance before Congress before she leaves the Fed in February. Overall, Yellen said that the U.S. economy has strengthened further this year. Despite adversity ...
Read More »Fed Chair Talks Economic Uncertainty
Despite announcements that the Fed would certainly be spiking interest rates, Federal Reserve Chair Janet Yellen delivered a speech on Tuesday providing more clarity to the current state of inflation and interest rate uncertainty. During her speech, Yellen focused on ...
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