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Early fall break for Reg Report; see you Sept. 25
The Regulatory Report is taking an early fall break for this week only; we will resume publication on Monday, Sept. 25.
Articles by Editor
CFPB
FAQs address CFPB small business lending rule in wake of Texas court decision
The impact of a federal court order freezing implementation of the small business lending rule issued by the federal consumer financial protection agency spawned a new set of “frequently asked questions” (FAQs) by the agency […]
FDIC
Agency should again use bank survey data in developing economic inclusion plan, OIG recommends
Obtaining bank survey data, or some other mechanism, for developing economic inclusion strategic plans (EISP) in the future for the federal bank deposit insurance program is among the recommendations made by the agency’s inspector general […]
OCC
Trading revenue, still dominated by four big banks, slipped in second quarter
Cumulative trading revenue was down 22.4% – $3.9 billion – in the second quarter compared with the first at banks and savings associations, the regulator of national banks said Thursday. The Office of the Comptroller […]
The Fed
Fed Board reaches full complement of seven members with three sworn in to positions
The Federal Reserve Board has a new vice chair and a full complement of seven members following the swearing in Wednesday of three newly Senate-confirmed governors for the central bank. Phillip N. Jefferson, Lisa D. […]
NCUA
Credit union regulator outlines ‘warning signs’ in midyear data; interest rate risk, rising delinquencies among them
Warning signs for credit unions include interest rate and liquidity risks, rising delinquency rates, growing balances on home equity lines of credit and other second liens, and increasing net charge-off ratios, the chairman of the […]
CFPB
Chopra assails legal challenges to CFPB rules, asserting they will destabilize housing, consumer markets
Legal challenges to the authority of the federal consumer financial protection agency could challenge the stability of the nation’s housing market, the agency’s head said Monday, since its rules are intertwined so closely to the […]
CFPB
Leasing firm ordered to let customers keep merchandise, forgo $33 million in payments, pay $2 million penalty
Merchandise obtained by customers from a leasing firm will be kept by those who leased it, and the firm will pay a $2 million penalty, after a federal agency found the firm tricked the customers […]
OCC
Risk governance, capital markets featured in two workshops next month in Dallas
Risk governance and capital markets are topics of focus for two workshops set late next month in Dallas by the regulator of national banks. The Office of the Comptroller of the Currency (OCC) said the […]
The Fed
CBDC still under research, Fed top supervisor advises; notes concern with growth of stablecoins
A central bank digital currency (CBDC) continues to be studied by the Federal Reserve, its top supervisor said Friday – but the official emphasized that the agency has made no decision yet and reiterated that […]