Automatically denying consumers’ billing error notices – and claims of unauthorized use in certain circumstances – earned a Rhode Island bank a lawsuit from the federal consumer financial protection agency with eight counts of violations […]
Michelle W. (“Miki”) Bowman took the oath for a second term on the Federal Reserve Board Thursday – the day before her current term expired. Bowman – sworn in by Federal Reserve Board Chair Jerome […]
An updated list of consumer reporting companies was published Thursday by the federal consumer financial protection agency, which the agency said can be filtered and searched online. “You know your credit report is important, but […]
A final rule removing a disclosure requirement by amending the “safe harbor” for financial assets transferred in connection with a securitization transaction was approved by the board for the federal insurer of bank deposits Thursday, […]
A New York bank was assessed a $36,500 penalty for violations related to flood insurance coverage of real estate loans, the Federal Reserve said Thursday. Alden State Bank (of Alden, N.Y.) was assessed the civil […]
Rules on investments in venture capital funds by banks – imposed under the Volcker rule – would be loosened under a proposed regulation issued by the three federal banking agencies Thursday; two regulators on the […]
A former Washington attorney and Justice Department civil division assistant attorney general has joined the federal consumer financial protection agency as assistant director of enforcement in the bureau’s supervision, enforcement and fair lending division, the […]
It’s a good time to consider updating rules enforcing anti-redlining laws – but the Federal Reserve has not yet determined what is the best way forward to do that, the agency’s board chair said Wednesday. […]
Filling the two opens seats on the Federal Reserve Board moved forward, incrementally at least, Tuesday when the White House formally transmitted the names of nominees to the Senate for consideration. Judy Shelton and Christopher […]
Despite repeated calls from Democratic lawmakers to extend the comment period of proposed revised rules implementing anti-redlining laws, the regulator who is recommending the changes had a short reply: No. In questioning following testimony before […]
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