A final rule to implement a 2.5% increase in maximum civil money penalties (CMP) that may be assessed by the Consumer Financial Protection Bureau (CFPB) was signed Jan. 6 by agency Director Kathleen (“Kathy”) Kraninger […]
Five former directors of a Montana bank were fined $2,000 each – and the bank’s former president and board chairman $10,000 — for failing to take actions to correct issues outlined under a previous consent […]
Congress should consider legislation for the future federal role of the government-sponsored enterprises (GSEs) in housing finance that addresses their structure and establishes clear, specific, and prioritized goals, as well as considering all relevant entities, […]
A 2018 inspector general report on spending by the office of the chairman of the federal credit union regulatory agency, conducted in follow-up to an anonymous complaint, omitted any benchmarking with similar spending of other […]
A rule that, as of Jan. 28, is expected to make more than 400 additional banks potentially eligible for the 18-month, on-site examination cycle is highlighted in a bulletin issued Thursday to banking institutions supervised […]
The director of the federal consumer financial protection agency sent House Speaker Nancy Pelosi, Vice President Mike Pence and key House and Senate Committees draft legislation Thursday that she says would give her agency clear […]
The federal regulator of credit unions has increased the diversity of its workforce in a number of areas, the chairman of the agency’s board said Thursday, noting in particular the increased number of lesbian, gay, […]
Six chapters of the Federal Deposit Insurance Corp. (FDIC) consumer compliance examination manual (CEM) – focusing on how examiners communicate their findings, on enforcement actions, and more – were updated in December, the agency said […]
The 2019 plan for achieving the National Credit Union Administration’s (NCUA) mission and strategic goals around examination and supervision, regulation, and technology was approved on a vote of 2-0 Thursday during the open meeting of […]
The Comptroller of the Currency has named Morris Morgan as the agency’s new senior deputy comptroller and chief operating officer and announced executive-reporting structure changes that have Morgan directly overseeing the agency’s bank supervision, supervision […]
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