The House on Thursday completed consideration and passed a House appropriations financial services bill nearing that reflects provisions similar to some contained in the recently unveiled JOBS Act 3.0, including modifications of banking organizations’ living […]
The Federal Reserve Board on Thursday announced it had terminated enforcement actions issued in 2011 and 2009, respectively, against bank holding companies Community Banks of Georgia, Inc. (CBGI) of Jasper, Ga., and Grand Mountain Bancshares, […]
A “small dollar lender” which operates under the name “Quik Pawn Shop” (among others) faces a judgment of $1.5 million for failing to properly disclose finance charges associated with its auto title loans – but […]
Implementation of the “secured overnight financing rate” (SOFR) – meant to supplant the London Interbank Offered Rate (LIBOR), and in existence only three months – is ahead of schedule, the Federal Reserve’s top supervisor said […]
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 […]
With federal financial institution regulators gearing up to enforce recently enacted regulatory relief legislation as background, the congressional oversight agency Thursday issued a summary of previous work it has done on regulators’ past responses to […]
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 […]
Nomination hearing: Kathleen Kraninger, nominee for permanent director of Bureau of Consumer Financial Protection (BCFP) THE COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS will meet in OPEN SESSION to conduct a hearing on the following […]
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