A rule affecting prepaid cards and accounts has been extended by one year (to April 2019), reflecting comments that those affected “need more time” to put the rule to work – especially card issuers who […]
Civil investigative demands (CIDs) issued by the federal consumer protection bureau are the subject of the first “request for information” released by the consumer agency as part of the agency’s “call for evidence” about its […]
At 43, you might think that Federal Deposit Insurance Corp. (FDIC) Board Chairman nominee Jelena McWilliams qualifies as the youngest ever to be considered for the post leading the nation’s bank deposit insurance fund. But […]
Jerome H. “Jay” Powell is the next chairman of the Federal Reserve Board, having been confirmed by the Senate Tuesday on a vote of 84-13; he succeeds Janet Yellen as chairman. In her resignation letter […]
Policies that would increase transparency and accountability at the Federal Reserve would be promoted by the nominee to the Federal Reserve Board, he told a Senate committee Tuesday – before he faced a grilling by […]
The nominee to lead the federal bank deposit insurance agency said she is “uniquely prepared” for the job, citing her background as a former congressional and Federal Reserve staffer and as a bank executive. In […]
A last-minute change in the nomination of a new chairman for the bank insurance fund board would result in the vice chairman of the board leaving by March, according to new information posted by the […]
Financial crises have consistently followed periods of “pro-cyclical regulatory policies” by governments over the last 300 years that fostered financial booms and risk taking, according to a paper published by the International Monetary Fund (IMF) Jan. […]
Despite uncertainty over a government shutdown, a confirmation hearing remains scheduled Tuesday for Jelena McWilliams and Marvin Goodfriend, nominees for (respectively) the chairman of the Federal Deposit Insurance Corp. (FDIC) Board and member of the […]
A civil money penalty (CMP) of $70 million assessed against Citibank, N.A., of Sioux Falls, S.D., is one of six enforcement actions taken by the Office of the Comptroller of the Currency (OCC) in December […]
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