FICO Expands Access to Credit Scores
FICO today said it is expanding access to its FICO Score Open Access program.
Browsing: Newsbytes
Google Wallet Balances to Be FDIC-Insured
Balances held in Google Wallet — the mobile payment service offered by the California tech giant — will now be protected by federal deposit insurance, according to press reports this week.
FASB Advisory Group Split on Loan Loss Accounting
The Financial Accounting Standards Board’s own Investor Advisory Committee last week became the latest group to express mixed opinions on FASB’s current expected credit loss proposal, which would require expected credit losses over the life of a loan to be recorded at the time of origination. The 10-member IAC includes a member from the Federal
FDIC Announces Next Phase in Youth Savings Pilot Program
The FDIC today announced phase two of its pilot program aimed at identifying the best approaches to bank-school programs that combine financial education with access to low-cost savings accounts.
ABA Compliance Network Hits Milestone with 5,000 Members
The ABA Compliance Network recently surpassed the 5,000-member mark, providing ABA member bank compliance professionals with nearly a free, private online forum to ask questions and share ideas, insights and resources.
Fed Proposes Changes to Form FR 2420
The Federal Reserve recently proposed changes to Form FR 2420, a daily report of money market transactions — including federal funds purchased, certain time deposits and Euro dollar liabilities — that will used by the Fed to calculate the federal funds rate.
House Task Force to Hold Hearing on Terrorist Financing
The House Financial Services Committee’s Task Force to Investigate Terrorism Financing will hold a hearing on April 22 on global terrorism and terrorist financing.
FHFA: Fannie, Freddie G-Fees Will Remain at Current Levels
The guarantee fees that Fannie Mae and Freddie Mac charge will remain at current levels with “modest adjustments,” the Federal Housing Finance Agency said on Friday.
Keating Makes Case for De Novo Banks to Boost Economic Growth
The dearth of bank startups in recent years may have something to do with declining business dynamism and weak job growth, Frank Keating wrote in an op-ed in The Hill on Friday.
Hearings This Week on Reg Burden, Cybersecurity
On Wednesday, the House Financial Services Committee will hold a hearing on terrorist financing; on Thursday, the committee will hear regulators’ perspectives on reducing regulatory burden.