Leadership
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NCUA
Credit unions to receive nearly $736 million payout from regulator as early as July
Federally insured credit unions will receive a $735.7 million “distribution” as early as July, the National Credit Union Administration (NCUA) Board was told Thursday, the result of a dividend from the federal insurance fund that […]
CFPB
Appropriations proposal for 2019 includes changes in BCFP funding, mandates major rule approval
Several provisions for reforming the federal consumer financial protection bureau – and reflecting proposals made by the acting director of the agency this spring – are included in a financial services appropriations bill that is […]
NCUA
Agency on June 4 opens ‘streamlined’ process for credit unions to become CDFIs
A “streamlined” application process opens June 4 for low-income federally insured credit unions considering becoming community development financial institutions (CDFIs); the period closes on June 22, the federal credit union regulator said Wednesday. The National […]
The Fed
More feel better about financial situations, but notable differences remain, Fed study finds
More American adults were feeling better about their financial situations in 2017 – about three in every four – than in 2013, but significant differences remain across race, ethnicity and education groups, according to a […]
FDIC
Bank net income up $56 billion in 1Q’18, FDIC reports; agency leader cites challenges ahead
Banks increased net income by more than 27% – $56 billion – in the first quarter of the year compared to the same period last year, the Federal Deposit Insurance Corp. (FDIC) reported Tuesday, but […]
FDIC
Lowering leverage capital for large banks doesn’t seem ‘prudent,’ outgoing FDIC leader says
A proposal to lower the leverage capital for large, systemically important banks doesn’t seem like a “prudent step,” the outgoing chairman of the federal deposit insurance agency said Tuesday. In response to reporters’ questions following […]
Legislation
UPDATED: Financial Services Committee mark up interrupted; likely to continue later
Three bills (out of five total) affecting federal financial institution regulation were in the process of being marked up Tuesday in the House Financial Services Committee; however, other business in the House (including roll call […]
CFPB
Mulvaney tenure at consumer agency has one month to go, unless nomination made by June 22
As of today, there is one month remaining in the tenure of the acting director of the federal consumer financial protection agency as its leader, unless President Donald Trump makes a nomination by June 22. […]
CFPB
Trump signs measure eliminating BCFP guidance/rule on ‘indirect auto lending’
Legislation removing 2013 guidance issued by the federal consumer financial protection agency – which was later deemed a “rule” by a congressional watchdog agency – was signed into law Monday by President Donald Trump in […]