The Financial Crimes Enforcement Network today issued guidance on highlighting the regulatory expectations for nonbank sellers of prepaid cards. The guidance — which addresses frequently asked questions related to non-bank prepaid card offerings — supplements previous guidance issued by FinCEN in 2011.
The FDIC issued a final interim rule to update its regulations on reciprocal deposits to conform with housing legislation recently passed by Congress.
The FDIC and OCC finalized a rule to formally define “unsafe and unsound practices,” which they said would bring more certainty to bank supervision.
The rate for a 30-year fixed-rate mortgage was 6.66% this week. The rate for a 15-year fixed-rate mortgage was 5.98%.
The FDIC will extend the public comment deadline for its proposed bank information disclosure rule to align it with a deadline for a similar rule proposed by the OCC. ABA asked for the extension.
A growing number of employees with health savings accounts are contributing to those accounts, with more than half of employees choosing an HSA option when offered the option, according to a new survey by the Plan Sponsor Council...
Institutions are best positioned to respond when relationships, plans, communication channels and reporting processes are established in advance.
