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 […]
Of the 18 banks whose Community Reinvestment Act (CRA) evaluation ratings became public in June, five of them received ratings of “outstanding,” with the rest given ratings of “satisfactory,” the national bank regulator said Friday. […]
A call for applications from technical experts to support the agency’s work in consumer financial protection supervision and policymaking was issued this week by the Consumer Financial Protection Bureau (CFPB). In a blog post Thursday, […]
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