Providing financial education directly to the public, and expanding local delivery of financial information, are two goals of the federal consumer financial protection agency that are outlined in its report on financial literacy, made public […]
The federal consumer protection bureau imposed no civil money penalties against the $17 billion-asset State Farm Bank in a consent order filed to resolve previous violations of the Fair Credit Reporting Act (FCRA, Regulation V), […]
Banks are profitable and the economy is strong – but with cyclical pressures building, it might be a good time to ask large banking organizations to “fortify” their capital buffers, a member of the Federal […]
A federal court has been asked to impose monetary penalties – $268,869 in redress to consumers plus a civil money penalty (CMP) of $260,000 – against a Nevada-based nonbank mortgage company that reportedly misled veterans […]
Any redesign of rules implementing anti-redlining laws – which are necessary given changes in the financial service industry since the laws were enacted in 1977 – should encourage banks to seek opportunities in underserved and rural […]
Credit unions increased their assets, loans and insured shares and deposits during the 12 months ending Sept. 30, but they did so at a slower pace than in the 12 months ending in June, according […]
A final report from its “regulatory reform task force” leads the agenda for the federal regulator of credit unions at its board’s last meeting for 2018 next week. The agenda for the National Credit Union […]
The Senate on Thursday confirmed the nomination of Kathleen (“Kathy”) Kraninger to be the director of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB), paving the way for Kraninger’s installment at the […]
A request for information (RFI) – out for comment until Feb. 11 – and other initiatives related to the deposit insurance application process for de novo (new) banks and to promote a more transparent, streamlined, and […]
The outgoing, acting director of the federal consumer financial protection agency said Thursday he was not involved in the selection of his successor as permanent director, who was confirmed by the Senate the same day. […]
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