Banks increased net income by more than 27% – $56 billion – in the first quarter of the year compared to the same period last year, the Federal Deposit Insurance Corp. (FDIC) reported Tuesday, but […]
Two former employees of Regions Bank, Birmingham, Ala., have been barred from future participation in the affairs of any federally insured financial institution over improper practices regarding credit origination, the Federal Reserve Board said Tuesday. […]
A proposal to lower the leverage capital for large, systemically important banks doesn’t seem like a “prudent step,” the outgoing chairman of the federal deposit insurance agency said Tuesday. In response to reporters’ questions following […]
A request for information (RFI) regarding the “supervision program” of the Bureau of Consumer Financial Protection (BCFP) drew a total of 46 comments as of Monday, the public comment deadline, according to Regulations.gov. This RFI […]
Three bills (out of five total) affecting federal financial institution regulation were in the process of being marked up Tuesday in the House Financial Services Committee; however, other business in the House (including roll call […]
As of today, there is one month remaining in the tenure of the acting director of the federal consumer financial protection agency as its leader, unless President Donald Trump makes a nomination by June 22. […]
Soon after the president signed a congressional resolution to overturn the bureau’s 2013 guidance for indirect auto lenders, the Bureau of Consumer Financial Protection (BCFP) issued a release Monday not only lauding that action but […]
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