Federal financial regulation – Page 716

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[ June 13, 2025 ] Fed to reveal annual stress test results for big banks June 27; makes models public The Fed
[ June 12, 2025 ] OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more NCUA
[ June 12, 2025 ] Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall The Fed
[ June 11, 2025 ] ‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts FDIC
[ June 10, 2025 ] UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn Other

Hiring freeze guidance appears to have no carve-out for indy agencies

February 2, 2017 0

The federal hiring freeze appears to contain no exemption for federal independent agencies generally, or exemptions for federal financial institution regulators, according to joint guidance issued by the Offices of Management and Budget (OMB) and […]

January tally shows reg activity about average for agencies

February 1, 2017 0

Last month was a fairly typical January in terms of federal financial institution regulatory activity, at least based on recent history, with the Trump administration’s Jan. 20 regulatory freeze showing little comparative impact. Of course, […]

One regulator asserts independence from freeze; others silent (so far)

February 1, 2017 0

While one federal financial institution regulator has explicitly asserted its independence from the “regulatory freeze” imposed by the Trump administration on all federal agencies, the other financial regulators have not claimed the same freedom — […]

Freeze ‘does not apply’ to NCUA – but ‘spirit’ will be followed

January 31, 2017 0

A regulatory freeze imposed by the Trump administration does not apply to the NCUA, as it is an independent federal financial regulator, but the agency will “adhere to its spirit,” according to a statement issued […]

White House confirms: 1-for-2 order exempts independent agencies

January 30, 2017 0

Independent agencies — including federal financial institution regulators — are exempt from an executive order issued today that any new, proposed federal regulation would have to be offset by repeal of “at least two” existing […]

Suit alleges illegal fees sought from debt relief law firms, attorneys

January 30, 2017 0

Law firms and individual attorneys offering debt relief services were sued today by the CFPB for collaborating to allegedly charge “illegal fees” to consumers seeking debt relief, the consumer agency announced today. The suit filed […]

Trump ‘one for two’ order seeks to cap, reduce regulations

January 30, 2017 0

An executive order that any new, proposed federal regulation would have to be offset by repeal of “at least two” existing regulations may not apply to independent agencies — such as most of the federal […]

McWatters named acting credit union agency chairman

January 26, 2017 0

J. Mark McWatters is the new acting chairman of the NCUA Board, replacing Rick Metsger, as the result of a White House designation Thursday, according to a report by CUToday.info. McWatters, a Republican, has served […]

Court dismisses banker lawsuit challenging NCUA MBL rule

January 24, 2017 0

A federal court has dismissed a lawsuit against NCUA’s new member business loan (MBL) rule on procedural rules, but only after also pointing out that the suit would have been dismissed on its merits as […]

Predecessor’s ‘improper actions’ leads to $65 million fine for PA firm

January 24, 2017 0

A Pennsylvania real estate title company has been fined $65 million for “improper actions” by its predecessor company as a result of action by three federal financial institution regulatory agencies today. Service Link Holdings LLC, […]

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Fed to reveal annual stress test results for big banks June 27; makes models public

June 13, 2025 0

Annual stress tests results will be released June 27, the Federal Reserve said Friday, adding that the document providing details about the models used in the test are now public. This year’s stress tests covered 22 large banks. The scenario [...]
OIG report: Credit union regulator needs to ‘mature’ its cyber threat info sharing processes; and more

June 12, 2025 0

Eight recommendations for governance and process improvements and a discussion of the federal credit union regulator’s continuing need for third-party oversight authority are highlights of a new inspector general report on the agency’s cyber threat information sharing. In the report, [...]
Households saw net worth decline as equity markets took hits, Fed reports; home values continued to fall

June 12, 2025 0

Net worth of households nationwide fell by $1.6 trillion in the first quarter of the year, while households debt increased by a 1.9% annual rate in the same period, the Federal Reserve said Thursday. In releasing its figures for financial [...]
‘Proper contract oversight’ thwarted by agency’s lack of compliance with own policies during failure of three banks, report asserts

June 11, 2025 0

Lack of compliance with some of the federal bank deposit insurance agency’s acquisition policies and procedures thwarted its ability to ensure proper contract oversight management during the failure of three large regional banks in 2023, according to a report by [...]
UPDATED: McKernan nominated to head Treasury domestic finance office; CFPB director nomination withdrawn

June 10, 2025 0

Jonathan McKernan, previously nominated to be director of the Consumer Financial Protection Bureau (CFPB), is now instead nominated to succeed former Treasury Under Secretary for Domestic Finance Nellie Liang, who reportedly resigned from the post early this year. Treasury’s domestic [...]