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Home » Archives for October 2016

NCUA to repay $1 billion outstanding Treasury balance

By Financial Regulation News Reports  |   October 23, 2016   |   Industry

The National Credit Union Administration (NCUA) released plans that indicate the organization will replay its $1 billion outstanding balance with the Treasury Department by the end of October. With...

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ICI report shows importance of mutual funds in millennial retirement savings

By Financial Regulation News Reports  |   October 18, 2016   |   News

According to a recent report by the Investment Company Institute (ICI), the millennial generation is showing an increasing reliance on employer-backed mutual funds for their retirement savings. The...

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AIA’s Goldberg appointed to Maryland House Working Group on Punitive Damages

By Financial Regulation News Reports  |   October 18, 2016   |   News

The Maryland House Working Group on Punitive Damages recently appointed Eric Goldberg, mid-Atlantic region vice president for the American Insurance Association (AIA), to serve with the group. The ...

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ACLI elects new chairman, officers, board of directors at annual conference

By Financial Regulation News Reports  |   October 17, 2016   |   News

The American Council of Life Insurers (ACLI) recently elected its new chairman, officers and board of directors at their 2016 annual conference. Peter Schaefer, president and CEO of Hannover Life R...

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Fannie Mae releases survey on home purchase sentiment for September

By Financial Regulation News Reports  |   October 11, 2016   |   Industry

Fannie Mae on Tuesday released its home purchase sentiment index for September, which showed increased caution in home-purchase sentiment among consumers. Curt Long, chief economist for the Nationa...

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Encore Bank receives charter from Florida Office of Financial Regulation

By Financial Regulation News Reports  |   October 11, 2016   |   Industry

The Florida State Office of Financial Regulation recently converted Encore Bank into a Florida state-chartered financial institution. The bank is located in Naples and has branches in Bonita Spring...

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Congress members, CBA applaud court ruling CFPB structure is unconstitutional

By Financial Regulation News Reports  |   October 11, 2016   |   News

The U.S. Court of Appeals for the District of Columbia on Tuesday ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is unconstitutional. “For years I have argued that su...

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ICBA urges caution on new CFPB rule on prepaid accounts – ABN

By Financial Regulation News Reports  |   October 6, 2016   |   News

The Independent Community Bankers of America (ICBA) on Thursday urged caution regarding the Consumer Financial Protection Bureau’s (CFPB) new rule on prepaid accounts. The final rule includes new...

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Illinois financial regulator organization receives NASCUS accreditation

By Financial Regulation News Reports  |   October 6, 2016   |   Industry

The Illinois Department of Financial and Professional Regulation (IDFPR) Credit Union Section recently received the certificate of accreditation from the National Association of State Credit Union Sup...

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Federal Reserve-CSBS conference examines business opportunities in community banks

By Financial Regulation News Reports  |   October 6, 2016   |   Industry

A conference hosted by the Federal Reserve System and the Conference of State Bank Supervisors (CSBS) recently convened to discuss the latest trends and business opportunities in community banking. ...

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Federal Reserve task forces to review proposals for faster and more secure payments

By Financial Regulation News Reports  |   October 4, 2016   |   News

Members of two national task forces convened by the Federal Reserve to make faster payments have recently started a review of 19 different proposals that outline approaches for a faster payment system...

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OCC reports bank trading rose to $6.9 bln in second quarter

By Financial Regulation News Reports  |   October 4, 2016   |   News

The Office of the Comptroller of the Currency (OCC) recently released its quarterly report on bank trading and derivatives activities for the second quarter of 2016. The report said trading revenue...

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John Ryan

Washington State Department of Financial Institutions earns CSBS bank accreditation, AARMR mortgage accreditation

By Financial Regulation News Reports  |   October 3, 2016   |   Industry

The Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR) recently presented the Washington Department of Financial Institutions (DIF) wit...

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Cannabis Banking

  • Pennsylvania AG among coalition urging Congress to pass cannabis banking bill
  • New York State hits $1B in cannabis retail sales
  • AICPA makes recommendations to IRS on cannabis businesses in advance of marijuana reclassification
  • CTrust launches credit scoring platform for cannabis businesses
  • Senators push for legal cannabis businesses to have SBA access

Digital Currency

  • Attorneys general submit response to SEC request for information on cryptocurrency, digital assets
  • BPI, The Clearing House Association offer recommendations on Bank Secrecy Act
  • CME Group introduces trading for Solana and XRP futures
  • Telcoin raises $25M in funding as it looks to launch first blockchain bank
  • Blockchain associations partner to bridge state, federal stablecoin policies

Most Read Last 7 Days

  • Fintech associations call for CFPB to finalize the open banking rule
  • First Citizens Bank to acquire 138 branches from BMO Bank
  • BPI, The Clearing House Association offer recommendations on Bank Secrecy Act
  • Heartland Bank acquires Illinois-based CNB Bank
  • Senate Republicans seek to raise reporting thresholds for Bank Secrecy Act
  • Security First Bank to acquire 11 Nebraska branches from First Interstate Bank
  • Huntington Bank closes on deal to acquire Veritex Holdings
  • Attorneys general submit response to SEC request for information on cryptocurrency, digital assets
  • Federal court imposes $25.6M penalty in scheme targeting elderly
  • Survey finds U.S. consumers trust banks over other industries for fraud protection

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