A rule to subject some credit unions to “risk-based capital” (RBC) requirements was delayed until 2022 on a split vote of the board for the federal regulator of credit unions Thursday. The delay is the […]
On the eve of a sister regulator moving forward in publicly proposing revisions to rules implementing anti-redlining laws at banks, the chair of the Federal Reserve made it clear that his agency is not ready […]
A final, revised rule on payday lending is anticipated for April of next year, the director of the Consumer Financial Protection Bureau (CFPB) said Tuesday, following review of approximately 190,000 comments from stakeholders. In a […]
Citing a laundry list of 94 separate items – under six separate categories – of “work” accomplished, the director of the federal consumer financial protection agency Tuesday celebrated her first year as head of the […]
New violations and compliance management system weaknesses under the Fair Credit Reporting Act (FCRA) and Regulation V are outlined in the 20th issue of “supervisory highlights” published by the federal consumer financial protection agency Monday. […]
Operational risk, elevated among banks as they adapt to changing technology needed to counter cybersecurity threats, is among the hazards facing the banking industry, the regulator of national banks said Monday in its semiannual report […]
Paul A. Volcker believed “there was no higher calling than public service,” the current chair of the Federal Reserve said of his predecessor in the position, who died Sunday at age 92. Current Board Chair […]
Credit products – including credit cards and non-mortgage lending items such as student loans – were the most-commonly complained about products in inquiries received by the ombudsman’s office of the federal consumer financial protection agency, […]
Revising anti-redlining regulations will be on the agenda for the board of the federal insurer of bank deposits when it meets Thursday, along with a proposal on brokered deposits restrictions, the agency said Friday. The […]
A brief, but exacting, lecture on financial regulator independence was delivered by the top Democrat of the Senate Banking Committee to the top federal credit union regulator at a hearing Thursday in Washington. Sen. Sherrod […]
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