FDIC Proposes Changes to National Rate Cap Calculation
The FDIC today proposed a new methodology for calculating the national rate and the national rate cap for specific deposit products.
The FDIC today proposed a new methodology for calculating the national rate and the national rate cap for specific deposit products.
The OCC is amending its assessment rules to provide partial refunds to national banks, federal thrifts and federal branches of foreign banks that leave OCC jurisdiction before the end of the six-month assessment period.
A three-judge panel of the D.C. Circuit Court of Appeals today upheld much of the National Credit Union Administration’s 2016 field of membership rule, which further expanded the already loose fields from which federal credit unions can draw their customers.
In a letter to House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) today, Ranking Member Patrick McHenry (R-N.C.) today called for a hearing on cybersecurity and data protection in the financial services sector in response to concerns raised by industry leaders and recent data breaches.
The nation’s largest banks have made progress in their efforts to become more diverse and inclusive, but room for improvement remains, according to data released by the House Financial Services Committee today.
In a long-awaited decision, the Federal Reserve today announced it would develop FedNow, its own 24/7/365 real-time settlement service designed to serve all U.S. depository institutions.
Just prior to going into recess for August, the Senate on Thursday passed an ABA-opposed bill that would significantly raise the current debt limit for Chapter 12 bankruptcy filings.
The American Bankers Association today announced that Illinois banker Michael L. Scudder will serve as chairman of its American Bankers Council—the banker-driven peer group for midsize bank chief executives—for the 2019-2020 membership year.
The Department of Housing and Urban Development will propose a new standard for bringing “disparate impact” claims under the Fair Housing Act.
A group of 51 state bankers associations wrote to congressional leaders today calling for a review of the credit union industry to determine whether it is living up to its statutory mission of serving people of “small means.”