A “call for ideas” was issued Friday by the federal agency charged with consumer financial protection on how a process called “tech sprints” could be used to encourage regulatory innovation and develop viable solutions to […]
Applications are due Oct. 5 for low-income credit unions that desire to be certified as Community Development Financial Institutions (CDFIs) using the “streamlined” certification process – a certification that is critical to securing funding next year – […]
The confirmation last week of Michelle (“Miki”) Bowman to a full, 14-year term on the Federal Reserve Board (beginning in February) left five more appointments to terms on federal financial regulators remaining to be either […]
Corrections by the Federal Reserve to Regulation CC revisions on funds availability (check holds) were forwarded to credit unions Monday in a Consumer Financial Protection Update (19-14) from the National Credit Union Administration (NCUA). The […]
Automobile loan originations, credit card account management, debt collection, information furnishing, and mortgage originations that were generally completed between December 2018 and March 2019 are outlined in the latest issue of the federal consumer financial […]
Title: Policy on the Compliance Assistance Sandbox Subject: Compliance assistance sandbox Agency: CFPB Status: Final Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing its final Policy on the Compliance Assistance Sandbox (Policy), which […]
Title: Policy To Encourage Trial Disclosure Programs Subject: Trial disclosure programs Agency: CFPB Status: Final Summary: The Bureau of Consumer Financial Protection (Bureau or CFPB) is creating the CFPB Disclosure Sandbox through issuance of its […]
Title: Policy on No-Action Letters Subject: No-action letters Agency: CFPB Status: Final Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing its revised Policy on No-Action Letters (Policy), which is intended to carry out […]
The federal bank deposit insurer on Sept. 1 terminated six bank receiverships, stating in a Federal Register notice that it “has fulfilled its obligations and made all dividend distributions required by law.” The six just-terminated receiverships […]
(Updated Sept. 18, 2019) A vote on a final community bank leverage ratio (CBLR), a press conference featuring Federal Reserve Board Chair Jerome (“Jay”) Powell (following the close of a monetary policy setting session), and […]
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