FASB Issues Proposal to Improve Hedge Accounting
The Financial Accounting Standards Board issued the final proposal in its three-pronged effort to address bank accounting that started in...
Newsbytes
Agencies Issue Report and Propose Action to Limit Bank Activities
The Federal Reserve, FDIC and OCC today issued a long-awaited report mandated by Section 620 of the Dodd-Frank Act in...
FDIC: Share of ‘Unbanked’ Fell in 2015
The share of the population that is unbanked fell to 7 percent in 2015, the lowest share ever recorded in...
Consumer Credit Grew 5.8% in July
Consumer credit increased at a seasonally adjusted annual rate of 5.8% in July, up from a 4.8% rate in June.
Fed Finalizes Countercyclical Capital Buffer Proposal
The Federal Reserve today issued its final policy statement outlining the framework the agency will follow in setting the Countercyclical...
ABA Rejects Proposal to Expand Money Laundering Risk Assessment
ABA today urged the Office of Management and Budget to reject the OCC’s proposed changes to its Bank Secrecy Act/Money...
Banker, Fed Chiefs Defend Bankers’ Role on Regional Fed Boards
With many activist groups targeting the century-old inclusion of bankers on the boards of the 12 regional Federal Reserve Banks,...
Nichols Tackles Myths About Reg Burden in Politico Op-Ed
In the wake of prominent assertions that Dodd-Frank has had little to no negative effect on community banks and that...
FinCEN Issues Advisory on Email Compromise Fraud
With email compromise schemes -- in which criminals fraudulently persuade individuals and companies to transfer funds -- on the rise,...
