Fed: Banks ‘Well-Positioned’ to Weather a Recession
The nation’s banks remain highly capitalized as a result of post-crisis regulatory reforms, and “are well positioned to continue lending...
Compliance and Risk
Federal Reserve Issues 2020 CCAR Scenarios
The Federal Reserve today released the two hypothetical economic and financial market scenarios that it will use in the next...
Kraninger Eyes April for Changes to Small-Dollar Changes Rule
The Consumer Financial Protection Bureau will move in April to finalize amendments to its small-dollar lending rule, CFPB Director Kathy...
What Compliance Needs to Know About Hemp
While the 2018 Farm Bill authorized production and processing of hemp plants with less than 0.3% THC content, bankers need...
FHFA Proposes Updated Seller, Servicer Eligibility Requirements
The proposed update to Fannie Mae and Freddie Mac seller/servicer eligibility includes new requirements for the servicing of Ginnie Mae...
Agencies: Amid ‘Elevated’ Risk, Banks Improve Leveraged Loan Risk Management
The share of low-rated commitments in the Shared National Credit portfolio rose slightly between 2018 and 2019, according to the...
FDIC Finalizes Changes to Securitization Safe Harbor Rule
The FDIC today finalized amendments to its securitization safe harbor rule, which addresses circumstances that may arise if the FDIC...
Fed Finalizes Rule to Clarify Bank Control Determinations
The Federal Reserve today issued a final rule amending its existing rules for determining control of a company by another...
Otting Defends OCC’s CRA Modernization Proposal At House Hearing
During an often contentious hearing before the House Financial Services Committee today, Comptroller of the Currency Joseph Otting defended his...
ABA Calls for Transparency on Hemp Licenses, Flexibility on THC Test
ABA today recommended several changes to the U.S. Department of Agriculture’s interim final rule that would facilitate banks offering services...
