On identical bipartisan votes of 66-28, the seventh member of the Federal Reserve Board – giving the panel a full complement for the first time in years – was confirmed by the Senate Wednesday; a […]
Crypto-assets and markets must be subject to effective regulation and oversight commensurate to the risks they pose, both at the domestic and international levels, according to a statement issued Monday by the international body of […]
The due date and process for the filing of banks’ consolidated reports of condition and income (or call reports), including some direction related to crypto-assets and derivatives hedging, are outlined in a Financial Institution Letter […]
A brother-sister team was indicted late last week for laundering more than $42 million in drug proceeds through the U.S. financial system using more than seven dozen bank accounts belonging to nearly two dozen California-based […]
Charged with concealing free repayment plans from struggling borrowers – which allegedly resulted in borrowers paying up to thousands in reborrowing fees – a Texas-based payday lender has been sued by the federal consumer financial […]
Title: The Fair Credit Reporting Act’s Limited Preemption of State Laws Subject: FCRA; limited preemption of state law Agency: CFPB Status: Interpretive rule Summary: States play an important role in the regulation of consumer reporting. […]
Title: Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports Subject: FCRA; consumer credit reports Agency: CFPB Status: Advisory opinion Summary: The Consumer Financial Protection Bureau (Bureau) is issuing this advisory opinion […]
The next top supervisor for the Federal Reserve is expected to receive a confirmation vote Tuesday, according to the Senate executive calendar published Monday. Michael S. Barr, who was nominated by President Joe Biden (D) […]
Supporting the transition of legacy cash products using a defunct reference rate is the aim of a new guide released Monday by the group that developed and implemented an alternative to the obsolete rate. According […]
The launching of forward-looking rate versions of U.S. dollar interbank offered rate (USD IBOR) cash fallbacks by a large financial data provider was welcomed Monday by the group that developed the rate, the group said […]
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