The FDIC alerted FDIC-supervised institutions of a recently effective Consumer and Financial Protection Bureau rule that implements and clarifies Home Mortgage Disclosure Act amendments made by the Economic Growth, Regulatory Relief and Consumer Protection Act.
The FDIC, the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency proposed revisions to the Consolidated Reports of Condition and Income ("Call Reports").
Federal Reserve Board Governor Jerome Powell lauded the progress made by the U.S. financial system since the financial crisis and identified five areas that could benefit from additional regulatory reform.
The FDIC, the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System reminded banks that they must submit their Consolidated Reports of Condition and Income ("Call Reports") for the first quarter of 2017 by April 30, 2017.
In a Joint Report submitted to Congress, member agencies of the Federal Financial Institutions Examination Council and the National Credit Union Administration outlined interagency and agency actions to reduce regulatory burdens on financial institutions.
A financial services firm and its parent company agreed to pay a $120 million penalty to settle CFTC charges that it submitted false reports in an attempt to manipulate a global benchmark for interest rate products.