No exemption for financial institutions is apparent in the executive order issued Friday by President Donald Trump, which mandates task forces be created in each agency with a goal of eliminating red tape. Additionally, the […]
Advisory boards and councils for the CFPB – representing community banks, credit unions, consumers and researchers – would be continued under notices to be published Thursday by the agency, despite proposed legislation likely to emerge […]
“Alternative data” to determine credit-worthiness of consumers who lack enough credit history to obtain a credit score is the subject of an exploration opened Friday by the CFPB. The inquiry into “alternative data” focuses on “credit […]
The CFPB has been granted a review by a federal appeals court of a ruling from last fall that effectively found the structure of the agency unconstitutional. In a decision released Thursday, the U.S. Appeals […]
More than a dozen changes to existing regulations – dealing with everything from oaths of bank directors to website transactions — are addressed in a final rule by the OCC intended to update or remove […]
A $1.8 billion credit union — within the top 150 federally insured credit unions in the country in asset size — Friday was conserved by the New York State Department of Financial Services, which appointed the […]
The resignation Friday of Daniel K. Tarullo as a board member of the Federal Reserve will leave three openings on the seven seats on the central bank’s governing body, which also faces the expiration of the chairman’s term […]
Alternative capital at credit unions is the subject of an advance notice of proposed rulemaking by NCUA published by the Federal Register today, opening the 90-day public comment period. Comments will be due on the […]
The Treasury Department and the members of the Financial Stability Oversight Council (FSOC) are the agencies expected to be “impacted” by President Donald Trump’s Feb. 3 executive order, “Core Principles for Regulating the U.S. Financial […]
Independent agencies are not covered under the ‘1-for-2’ regulatory-reduction order signed by President Trump last week, confirming earlier reports. In interim guidance issued by Dominic J. Mancini, Acting Administrator, Office of Information and Regulatory Affairs, […]
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