Due to an annual decrease in consumer prices, financial regulators have announced that the dollar threshold at which higher priced-mortgages become subject to special appraisal requirements will remain unchanged at $25,500 in 2016. Agencies also said that the threshold under which consumer credit and lease transactions under Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act) are exempt will remain at $54,600 in 2016.
The Consumer Price Index rose 0.2% in August, the same increase as the previous month, and rose 2.5% over the past year, the Labor Department said.
Cryptocurrency-related fraud resulted in more than $5.6 billion in losses in 2023, representing a 45% increase from the previous year, the FBI said in a new report.
An SEC official outlined a scenario in which a bank would not be bound by the restrictions of the SEC’s Staff Accounting Bulletin 121, which changed the way banks were expected to account for digital assets held in...
OFAC will issue an interim final rule to extend recordkeeping requirements for certain transactions from five to 10 years to make them consistent with the recently expanded statute of limitations for certain sanctions violations.
The House Small Business Committee advanced legislation to strengthen federal standards that require regulatory agencies to consider the economic effects of regulation on businesses.
The OCC issued a proclamation allowing national banks, federal savings associations and federal branches and agencies of foreign banks to close offices in areas of Alabama, Louisiana, Mississippi and Texas affected by Tropical Storm Francine.
