Nearly a quarter-million consumers who were assessed inflated transaction fees by a Delaware bank will be paid about $1.3 million in restitution under a settlement announced by the federal deposit insurer Wednesday. The bank was […]
Announcing its seventh request for information (RFI) regarding its own processes, the Consumer Financial Protection Bureau (CFPB) on Wednesday invited input from the public on the discretionary aspects of the bureau’s rulemaking processes. June 7 […]
Legislation expanding the frequency, scope and coverage of annual regulatory reviews by the federal financial institution regulators was easily passed by the House Tuesday, 264 – 143. The Comprehensive Regulatory Review Act (H.R. 4607) would […]
Federal Reserve Board Gov. Lael Brainard told an economic club in New York Tuesday that continued, gradual increases in the federal funds rate will likely “remain appropriate to ensure inflation rises sustainably to our target […]
A $1.3 billion-in-assets, New Mexico bank holding company has had a five-year-old enforcement action against it by the Federal Reserve terminated, the central bank said Tuesday. In a release, the Fed said it had terminated […]
Three bills – extending the “qualified mortgage” safe harbor, reducing reporting requirements for smaller financial institutions, and combatting the financial network of transnational criminals – were approved by the House Tuesday. All three passed by […]
The Federal Reserve Board is accepting comments until May 14 on check collection rule updates to better address the evolution of the nation’s check collection system to a virtually all-electronic one. The Fed is proposing […]
The Senate on Tuesday voted 67-32 to proceed to consideration of a bill that would increase the size of banks subject to certain prudential supervisory requirements under the Dodd-Frank financial reform law while easing some […]
Two pieces of legislation on data security and breach notification, one still in draft form, will be examined during a hearing Wednesday by the House subcommittee on financial institutions. The 2 p.m. hearing on “Legislative […]
Credit union performance improved marginally in 2017 over the previous year, but nonetheless showed continued, consistent positive net income and net worth, year-end numbers from the federal credit union regulator showed Monday. Year-end (and fourth […]
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