WASHINGTON A U.S. regulatory panel is recommending increased federal and state oversight of nonbank mortgage lenders and servicers, saying for the first time in a report on Wednesday that their growing presence in the sector may threaten financial stability.
WASHINGTON In a potential win for the banking industry, two top U.S. regulators on Wednesday signaled they may be open to changing supervisory practices that may have contributed towards disruption in the overnight lending markets.
WASHINGTON U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure "responsible use" of non-traditional sources of financial data to help determine whether a potential customer is credit worthy.
WASHINGTON Profits across U.S. banks dipped by $4.5 billion to $57.4 billion in the third quarter of 2019, as "nonrecurring events" at three large financial institutions drove down sector growth, the Federal Deposit Insurance Corporation reported Tuesday.
WASHINGTON A leading U.S. bank regulator announced on Monday it was further slashing how much it charges large banks to cover the costs of monitoring them.
WASHINGTON The U.S. Federal Reserve on Friday flagged high levels of corporate debt, the impact of an extended period of low global interest rates, and emerging "stablecoin" cryptocurrency proposals as potential risks to the financial system.
WASHINGTON The U.S. Federal Reserve on Friday proposed delaying a new rule limiting foreign banks' credit exposure to a single counterparty, allowing non-U.S. regulators time to adopt similar regulations which foreign companies could opt to follow instead.
WASHINGTON The U.S. Commodity Futures Trading Commission ordered Wells Fargo & Co to pay more than $14 million to settle charges it provided "misinformation" when conducting a large foreign exchange trade with a counterparty, the agency said in a statement on Friday.
WASHINGTON, Nov 8 The U.S. Commodity Futures
Trading Commission ordered Wells Fargo & Co to pay more
than $14 million to settle charges it provided "misinformation"
when conducting a large foreign exchange trade with a
counterparty, the agency said in a statement on Friday.