Fri.May 03, 2024

Remove compliance-regulation
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Regulators' rhetoric about bank failures doesn't match their actions

American Banker

On both sides of the Atlantic, regulators have failed to live up to their promises about how they would approach bank failures. Until they do, the industry operates in legal limbo.

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FirstSun to switch regulators due to delays tied to HomeStreet deal

American Banker

In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.

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Fed weighs expanding operating hours for Fedwire, NSS

American Banker

The Federal Reserve has proposed that the two payments services run seven days a week, meaning they'd no longer close on weekends or holidays. The public has 60 days to comment.

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Regulators issue guidance to community banks on third-party risks

American Banker

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.