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CFPBA 2019 taskforce established by the federal consumer financial protection agency, ostensibly focusing on federal consumer financial law, did not comply with federal “sunshine” law requirements and the report of the group, issued about a [...]
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The FedThree nominations to serve on the Federal Reserve Board, including one to fill the now-vacant vice chair of supervision seat, were sent by the White House Thursday to the full Senate and await further action. [...] -
FDICApparently one of the last engagements of the soon-to-be-former (as of Feb. 4) chairman of the federal bank deposit insurance fund board will be to participate in a diversity roundtable set for next week. In [...] -
CFPBClosely monitoring the use of algorithmic decision tools in lending by financial companies – particularly with regard to the religion or faith practiced by a borrower – is on the radar of the consumer financial [...] -
CFPBFederal Reserve Banks had net income of $107.8 billion in 2021, a $19.3 billion increase (21.8%) from the previous year; the Federal Reserve Board said the net income bump came mostly from a $25.1 billion [...] -
OCCThe lack of standards and controls in the cryptocurrency space suggest that a cautious and careful approach is warranted to cryptocurrencies, the top regulator of national banks said Thursday. In a speech to the BritishAmerican [...] -
CFPBFour of the five federal financial institution regulators have been urged to take actions – ranging in number from one to five – to better protect the personally identifiable information (PII) they collect use, and [...] -
CFPBA reminder to debt collectors of their obligations when collecting medical debts to comply with federal prohibitions on misrepresentations and unfair practices was issued Thursday by the federal consumer financial protection agency. The Consumer Financial [...] -
OtherClarifying processes available for federal regulators to consider temporary waiver relief for appraisals by making “a clear distinction” between a request by a state appraiser regulatory agency and via petition by others is the aim [...] -
The FedLending activity picked up slightly toward the end of 2021, led by commercial real estate borrowers, the Federal Reserve reported Wednesday in its latest Beige Book. The most recent book, reporting on the last several [...]
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