A proposal clarifying the information financial institutions are required to collect and report about their mortgage lending – helping them, in turn, comply with Home Mortgage Disclosure Act (HMDA) rules – was issued today by […]
Major streamlining – and perhaps outright elimination – of the Dodd-Frank regulatory reform legislation is under consideration by the Trump administration, the president said in a meeting Tuesday with leaders of various companies, and top […]
Calling it “tragic” if the lessons of the financial crisis were forgotten so quickly, outgoing Federal Reserve Board Gov. Daniel K. Tarullo Tuesday said it is crucial that a strong capital regime for financial institutions […]
Maintaining the security of confidential information from Federal Open Market Committee (FOMC) meetings is something the Federal Reserve is “committed” to, the central bank stated today in the wake of revelations of compromise of meeting […]
The structure of the Federal Reserve should not be changed lightly, as it achieves a practical balance that serves the country well, board Gov. Jerome H. Powell said in a policy speech Tuesday. “Throughout our […]
Providing additional flexibility to some mortgage lenders concerning the collection of consumer demographic information is the aim of a proposed amendment to Regulation B (Equal Credit Opportunity Act/ECOA) issued by the CFPB last week. According […]
Another step in granting federal banking charters to financial technology companies (fintech) was taken today with the release of a draft licensing manual supplement by the Office of the Comptroller of the Currency (OCC). According […]
Federal agencies, including independents such as the federal financial institution regulators, must provide by this fall a reorganization plan to the Office of Management and Budget, which will form the basis of an overall Trump […]
Comments on a delayed effective date (to April 1, 2018) for a CFPB rule on prepaid accounts will be due April 5, as a result of a notice to be filed tomorrow in the Federal […]
Now is not the time to fundamentally change regulatory course, but to continue maintaining bank capital standards, ensuring stable sources of liquidity, and providing effective regulation and supervision, the Comptroller of the Currency said Thursday. […]
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