FDIC
Federal financial regulation
The Fed
Actions against 10 big banks terminated – but five pay penalties totaling $35 million
Penalties of $35 million were assessed against five big banking organizations for mortgage servicing deficiencies, the Federal Reserve said Friday, while at the same time the central bank terminated enforcement actions against those institutions and […]
The Fed
Senate Banking Committee sets new vote for Powell, another vote for Quarles
The Senate Banking Committee will vote Wednesday (Jan. 17 at 10 a.m.) on the nomination of Jerome H. Powell to be Federal Reserve Board chairman and on Randal Quarles for reappointment as a member of the board. […]
The Fed
Fed unveils new tools for visualizing household wealth, other key financial stats
New tools for accessing data about aggregate wealth of U.S. households and other economic sectors, using “data visualization,” were unveiled by the Federal Reserve Thursday. The three new tools, the Fed said, show at a […]
CFPB
Mulvaney remains on the job after court rejects latest challenge
Acting Director Mick Mulvaney will remain on post at the Consumer Financial Protection Bureau (CFPB), at least for the near future, following a court’s rejection Wednesday of a request to remove him. The White House […]
CFPB
Pre-Mulvaney bureau agenda cites proposed rules ahead on overdraft protection, debt collections
Rules on overdraft protection and communications in debt collections, as well as efforts to identify and relieve regulatory burden for financial services providers and small businesses, are all on the agenda prepared for the remainder […]
The Fed
Fed appoints four new chairs/deputies for Reserve Banks; retaps leaders in eight more
New leadership for four Federal Reserve banks was announced by the Fed Board for 2018 Wednesday, with leaders in eight other banks reappointed, the central bank said. The Fed Board each year designates the chair […]
The Fed
Proposed guidance would complement rating system for $50B and higher financial institutions
Core principles of effective senior management, board oversight, the management of business lines, and independent risk management and controls for banks and savings institutions with $50 billion or more in assets are outlined in guidance […]
The Fed
Inflation-adjusted civil money penalties for 2018 finalized
Adjusted civil money penalties that increase the maximum fine to more than $1.9 million for the most egregious misdeeds are set in a final rule by the Federal Reserve, according to recent filings with the […]
OCC
Alert zeroes in on a real ‘non-bank’ – a scam via a website
Consumers are being warned that personal information they may have shared with a website purporting to be a front for a bank could lead to identity theft – and consumers should take action to safeguard […]