The former acting director of the consumer financial protection bureau, John (“Mick”) Mulvaney, commended Kathleen (“Kathy”) Kraninger’s confirmation to a five-year term as bureau director in a statement posted online and dated Tuesday. Kraninger was […]
The newly installed director of the federal consumer financial protection agency will launch a three-month “listening tour” and will work on finding the balance between career and political staff at the agency, she told reporters […]
A notice for comment on the proposed, three-year extension of financial reports of Federal Reserve-supervised banking organizations also invites input on report changes addressing the transition to the current expected credit loss (CECL) accounting standard […]
A proposal to establish a “regulatory sandbox” encouraging banks to test new, innovative financial products as part of changes to the “no-action letter policy” has drawn sharp criticism from the Democrat poised to take over […]
The 2018 aggregate global indicator amounts (shown below) that the largest banking organizations will use to calculate a risk-based capital surcharge are were approved Dec. 6 by the Federal Reserve Board and become applicable upon […]
The federal consumer financial protection agency officially has a new director, as Kathleen (“Kathy”) Kraninger was sworn in Monday evening; she was confirmed to serve a five-year term by the Senate Thursday. Vice President Mike […]
Strategies mandated for big banks to adopt bankruptcy when needed are unlikely to work in the context of another widespread financial crisis – according to some experts – a report issued Monday from the congressional watchdog agency stated. […]
Renewal of the charter for a panel that advises the federal bank deposit insurer on economic inclusion “is in the public interest in connection with the performance of duties” of the agency, the agency says […]
A proposed rule change to adjust funds-availability amounts for inflation every five years, announced in November, is in Monday’s Federal Register with a comment period that ends Feb. 8. Announced jointly by the Federal Reserve Board […]
The Federal Deposit Insurance Corp. (FDIC) terminated five bank receiverships Dec. 1, the agency said in a Federal Register notice published Friday. The five terminated receiverships were for First National Bank of Keystone, Keystone, W.Va.; […]
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