Banking regulators announced that they will extend the comment period on a proposed long-term debt requirement for banks with more than $100 billion in assets to Jan. 16.
The Treasury Department issued a final rule to hold financial institutions liable if they pay canceled Treasury checks without waiting to receive the return information that would let them know if the checks were canceled.
President Joe Biden today announced a renewed push to eliminate what his administration has branded “junk fees” across several business sectors, including fees charged by larger banks for certain customer services.
California lawmakers have advanced two proposed state laws to require companies doing business in the state to report their greenhouse gas emissions and prepare biennial reports on their climate-related financial risks.
Two recent policy developments could fundamentally alter banks’ Community Reinvestment Act programs, and policymakers should avoid finalizing proposed changes to the CRA rules until these issues are resolved, ABA and the Bank Policy Institute said in a letter to regulators.
The Basel Committee on Banking Supervision issued a consultative document updating its core principles for effective banking supervision—a universally applicable set of global standards for the sound prudential regulation and supervision of banks.
State and federal banking regulators did not take steps to ensure that Silicon Valley Bank more quickly address problems identified by supervisors before its collapse, the California Department of Financial Protection and Innovation said.