A Kansas-based debt collection company and its former chief executive and part owner have been assessed penalties of $3 million each for unlawful debt collection acts and practices, harming consumer, the federal consumer financial protection […]
The U.S. financial system remains “substantially more resilient” than 20 years ago, the decade before the financial crisis of 2008, according to a Federal Reserve report sent to the Senate and House Friday. In a […]
A hearing on the nomination for the next – and permanent — director of the federal consumer financial protection agency has been set for Thursday by the Senate Banking Committee. Kathleen “Kathy” Kraninger was nominated […]
Protecting and extending regulatory provisions for banks installed in the wake of the financial crisis of 10 years ago – the “pillars” of the the regulatory actions, including higher capital requirements, better risk management, stress […]
A U.S. Treasury report on financial technology – “fintech” – should be coming out “shortly,” Secretary Steven Mnuchin told a House panel Thursday. Responding to questions from the House Financial Services Committee during the annual […]
Two enforcement actions – one against a Pakistan bank, the other against a former U.S. bank employee – and the termination of another earlier action against the bank it took the most recent enforcement action […]
An advisory group focusing on community banks’ issues (made up of community bankers) will continue to work with the federal bank deposit insurance agency, according to the agency’s new chairman – a decision cheered by […]
Rules for disclosures about mortgage loans at zero percent interest made by charities such as Habitat for Humanity and others would be rewritten by the federal consumer financial protection agency under legislation approved by the […]
Legislation designed to facilitate liquidity in options markets by calling on federal banking agencies to provide targeted capital relief was approved by the House Tuesday on a 368-19 vote. The Options Markets Stability Act (H.R. 5749), […]
Facilitating recovery from late June severe storms and flooding in Texas — which caused significant property damage in some areas of the state and triggered a July 6 federal disaster declaration — is the aim […]
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