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What's up
  • [ October 28, 2025 ] CFPB: FCRA’s state-law preemption on credit reporting broader than held in 2022 CFPB
  • [ October 27, 2025 ] OCC wants to rescind guidelines for big banks on recovery planning; says banks ‘should’ be doing it anyway OCC
  • [ October 27, 2025 ] Comptroller jumps on stress-test reform bandwagon, praising Fed request for comment OCC
  • [ October 24, 2025 ] Fed opens stress tests to public comment, citing need for transparency, public accountability The Fed
  • [ October 24, 2025 ] No board meeting before December, if even then, NCUA schedule shows NCUA
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CFPB

CFPB’s tech sprints will focus on consumer disclosures, HMDA file prep and data submission

June 29, 2020 0

A series of three “tech sprints” – one held this October, and two more slated for March 2021 – will focus on how to improve consumer disclosures, preparing files for Home Mortgage Disclosure Act (HMDA) […]

Other

Due diligence on serving hemp-related businesses issued by financial crimes law enforcement, including types of info, documentation needed

June 29, 2020 0

Conducting due diligence on hemp-related businesses – on the types of information and documentation that may be required to collect from those entities – is outlined in guidance for banks and credit unions issued Monday […]

COVID-19 actions

Fed releases new term sheet for Primary Market Corporate Credit Facility created to help large employers during pandemic

June 29, 2020 0

Pricing and other information for the purchase of corporate bonds by the Primary Market Corporate Credit Facility (PMCCF) is provided in a new term sheet released Monday by the Federal Reserve. The PMCCF was created […]

OCC

‘Risk perspective’ paints grim picture for banks’ financial performance for year due to impact of pandemic

June 29, 2020 0

Weak financial performance and increasing credit, operational, and compliance risks resulting from the financial impact of the coronavirus crisis are among the “key risk themes” outlined in a report issued Monday by the federal bank […]

NCUA

Supreme Court takes a pass on credit union membership rules; agency will start processing new applications ‘immediately’

June 29, 2020 0

An appeal of a lower court’s earlier decision upholding rules governing membership at credit unions was rejected by the Supreme Court Monday, essentially ending a challenge by the banking industry to the regulator over the […]

CFPB

High court ruling allowing president to fire CFPB director ‘at will’ has no impact on agency rules, Kraninger says

June 29, 2020 0

A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]

Today

  • CFPB: FCRA’s state-law preemption on credit reporting broader than held in 2022

    October 28, 2025 0
    The Fair Credit Reporting Act’s (FCRA) preemption of state laws related to consumer credit reporting is broader than presented in a now-rescinded 2022 interpretive rule, the Consumer Financial Protection Bureau (CFPB) says. The CFPB, in a new interpretive rule published [...]
  • OCC wants to rescind guidelines for big banks on recovery planning; says banks ‘should’ be doing it anyway

    October 27, 2025 0
    Big banks – those with at least $100 billion in assets – are expected to be well managed and have appropriate risk-management processes in place; thus, no guidelines on “recovery planning” are necessary, the national bank regulator proposed late Monday. [...]
  • Comptroller jumps on stress-test reform bandwagon, praising Fed request for comment

    October 27, 2025 0
    Calling the current stress-test regime for large banks “too complex and opaque,” the national bank regulator late Monday praised the Federal Reserve for proposing changes to the stress test models. Comptroller of the Currency Jonathan V. Gould said the Fed’s [...]
  • Fed opens stress tests to public comment, citing need for transparency, public accountability

    October 24, 2025 0
    Enhancing the transparency and public accountability of annual stress tests conducted by the Federal Reserve will be the subject of public comment, the agency said Friday, with that input due by Dec. 1 The agency is seeking specific comment on: [...]
  • No board meeting before December, if even then, NCUA schedule shows

    October 24, 2025 0
    The board meeting schedule for the National Credit Union Administration shows both the Oct. 23 and Nov. 20 meetings “withdrawn,” taken to mean here as canceled or no longer slated. NCUA Board Chairman Kyle Hauptman, currently the only sitting member [...]
  • NCUA budget hearing moved up to Nov. 5

    October 24, 2025 0
    The public hearing on the federal credit union regulator’s 2026-2027 budget proposal will be held a day earlier than first announced, on Wednesday, Nov. 5, the agency said Friday. The National Credit Union Administration (NCUA) announced its proposed budget Sept. [...]
  • Bank deposit insurer opens strategic plan for public input

    October 24, 2025 0
    Public input on the 2026-30 strategic plan is now being taken the by federal bank deposit insurance agency, it said Friday, with a deadline of Nov. 7. The Federal Deposit Insurance Corp. (FDIC) said the draft strategic plan is required [...]

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