The nomination of the next director of the federal consumer financial protection agency was recommended favorably, narrowly and along partisan lines (and after withering criticism by Democrats) by a Senate committee Thursday. The next step […]
Collections for telecommunications debt – for example, money owed for landline or cell phone, cable or Internet – showed up in more than 1 in 5 consumer credit reports from mid-2013 to early 2018, but […]
Federal financial industry regulators will jointly host the first-ever Financial Regulatory Agencies’ Diversity and Inclusion Summit Sept. 13 in New York City, the federal agency that regulates credit unions said in an email announcement Monday. […]
The Bureau of Consumer Financial Protection (BCFP) is warning servicemembers to heed new federal security clearance guidelines that provide for “continuous” monitoring of the financial status of servicemember with security clearances. This monitoring, undertaken by […]
Final revisions providing an exemption from annual privacy notice requirements for financial institutions meeting certain conditions take effect Sept. 17, according to a notice in the Federal Register from the Bureau of Consumer Financial Protection (BCFP, […]
The Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB) is in the process of renewing its collection of consumer and college credit card agreements, and those interested can still submit comments on the […]
The Treasury Department on Tuesday released its fourth and final report in a series that responds to the president’s 2017 executive order focusing on regulatory core principles, with this one offering recommendations to “support nonbank […]
Kathleen Kraninger, the president’s choice to head the Bureau of Consumer Financial Protection (BCFP), in her brief opening statement and during Q&A, embraced the bureau’s mission but revealed little detail during a Senate Banking Committee […]
The acting director of the federal consumer protection bureau on Wednesday announced the appointment of Paul Watkins as the “director” of the recently created Office of Innovation, which will take over the work that was […]
The House, on Tuesday voting 406-4, passed a broad, bipartisan capital-formation measure that would also reduce the frequency of banking company resolution plans (living wills), provide a safe harbor for financial institutions keeping some suspicious […]
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