The reports banks file under the Bank Secrecy Act are critical to cutting off the flow of funds to terrorists, Financial Crimes Enforcement Network Director Jennifer Shasky Calvery said yesterday — including giving U.S. and foreign law enforcement and national security officials tools to disrupt the Islamic State terrorist group.
Credit standards continued to ease in most commercial and consumer loan categories, according to the Federal Reserve’s latest senior loan officer survey released today.
The FDIC today announced steps to provide regulatory relief to financial institutions and facilitate recovery in areas of Kentucky affected by severe storms, tornadoes, flooding and mudslides.
The Federal Reserve Bank of New York today launched Community Credit, an interactive portal allowing users to learn more about credit conditions at the national, state and county levels.
Rep. Marlin Stutzman (R-Ind.) on Friday wrote to the Government Accountability Office to request an audit and study of the Farm Credit System’s impact “on taxpayers, the agriculture community and the private banking industry.”
In preparation for the upcoming 2015 Atlantic hurricane season, a financial services sector-wide Government Emergency Telecommunications Service/Wireless Priority Service exercise will be conducted on May 12-13.
Our goal is to build on the Center for Regulatory Compliance’s existing strong foundation to ensure that compliance professionals remain leaders in their banks and communities.
New orders for manufactured goods increased 2.1 percent to $476.5 billion in March following a revised 0.1 percent decline in February according to the U.S. Census Bureau.
The Treasury Department’s Community Development Financial Institutions Fund today announced $18 million in funding for the 2015 Bank Enterprise Awards, which encourage banks to increase their investments and loans in disadvantaged communities.
Cyber risks — in particular, the extent of contractual protections after a third-party breach — are bankers’ top risk concern, ABA VP Heather Wyson-Constantine said in a recent interview with BankInfoSecurity.