Nominations for a new Comptroller of the Currency, and top regulatory supervisor at the Federal Reserve, will be considered Thursday by the Senate Banking Committee. The committee has scheduled votes on the nominations of Joseph […]
Establishment of low-risk checking or prepaid accounts at banks and credit unions, and use of “alternative data” in building credit records, continue to be goals of the Consumer Financial Protection Bureau (CFPB) in battling financial […]
Arguing that the financial system is more resilient because of reforms adopted in the wake of the “Great Recession” of the last decade, Federal Reserve Board Chairman Janet L. Yellen advised that any adjustments made […]
Extending existing transitional capital treatment for certain capital deductions and risk weights for banking organizations that are not subject to federal banking agencies’ advanced approaches capital rules was proposed today by the FDIC, OCC and […]
A laundry list of sweeping regulatory reform proposals over a four-year period – including delaying “risk-based capital” requirements, a new rule allowing alternative capital and blocking credit unions switching from federal insurance to be eligible […]
Enhancing the effectiveness of boards of directors of firms under supervision is the aim of a proposal issued Thursday by the Federal Reserve Board. Additionally, the Fed issued a second proposal that it said is […]
NCUA’s payments to law firms in fees totaling more than $1 billion “is raising alarms among House GOP members” out of concern that the agency is overpaying for recovery agreements reached with Wall Street banks […]
Public input on revising “the Volcker Rule” – which bans banks from conducting certain investment activities with their own accounts, and limits their relationships with hedge and private equity funds — is being sought by […]
Concerned about financial services and other companies that are “tricking consumers” into paying expensive fees for remitting by phone, the CFPB issued a warning today about charging the fees. The bureau also issued guidance that […]
Slower trend economic growth, an aging population and demographic developments, and relatively weak investment are three key factors keeping interest rates low, Federal Reserve Board Vice Chairman Stanley Fischer said today. Addressing a conference in […]
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