Two candidates have been renominated by the White House to lead federal financial institution regulators – but Senate action on those nominations most likely will have to take place by Jan. 20 in order for […]
Regulatory Report is taking a holiday break, beginning Dec. 24; publication will resume on Jan. 4. That is, unless there are significant news events between now and then – in which case “special reports” will be […]
A $25 million civil money penalty, and a $10 million ding for consumer redress, was ordered against a bank and its student lending subsidiaries for violating previous orders, the federal consumer financial protection agency said […]
Providing erroneous consumer loan data to consumer reporting agencies over years at a time has earned a U.S. subsidiary of a Spanish bank a consent order from the federal consumer financial protection agency, which imposes […]
A final rule that updates or eliminates outdated regulatory requirements that “no longer reflect the modern financial system,” incorporates or codifies agency interpretations, and more is set to take effect April 1, the Office of […]
The federal banking agencies have extended, to Jan. 1, 2022, temporary “no-action” relief for applying Regulation O to companies that manage funds investing in banking organizations. The action by the agencies extends relief provided last […]
Banks, credit unions, and savings associations with assets of $48 million or less as of Dec. 31 are exempt from collecting data in 2021 under Regulation C (Home Mortgage Disclosure), the Consumer Financial Protection Bureau […]
References to an “interest on required reserves” (“IORR”) rate and to an “interest on excess reserves” (“IOER”) rate would be replaced with a single “interest on reserve balances” (“IORB”) rate under a proposal for amending […]
Changes to two key websites maintained by the federal consumer financial protection agency, and which are used to help financial institutions share information or find answers to questions, are outlined under an annual report submitted […]
How the federal agency that charters national banks interprets standards for federal preemption of state law under the 2010 financial consumer protection statute is detailed in a new interpretive letter. The letter, issued Friday by […]
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