About 27% of households — 90 million Americans — are unbanked or underbanked, with more than two in five of those (42%) earning less than $30,000 a year, the chairman of the Federal Deposit Insurance […]
An updated list of permissible activities for national banks and savings associations – spread over 100 pages and grouped into seven general areas (with exemptions noted in another section) – was released Friday by the […]
Faster payments in the United States, realized through a government framework, will be the focus of a 27-member team made up of government, academic and financial industry representatives announced Friday by the Federal Reserve as […]
Oversight of supervision risk management at the Office of the Comptroller of the Currency (OCC) — charged with identifying primary and emerging areas of risk to the federal banking system — will be headed by […]
Two final rules, one dealing with appeals procedures and the other on the agency’s supervisory review committee, will be considered by the National Credit Union Administration Board at its open meeting Thursday (Oct. 19) in Alexandria, […]
Two debt relief companies that allegedly claimed falsely that they are affiliated with the federal government were sued Thursday by the Consumer Financial Protection Bureau (CFPB). The bureau also alleged that the companies falsely promised […]
Friday is Stanley Fischer’s last day as vice chairman of the Federal Reserve Board, leaving open three of the seven seats on the central bank’s governing body. A fourth open seat was filled last week […]
Keeping its house in order in continued pursuit of its dual mandate of maximizing employment and stabilizing prices is the best thing the Federal Reserve can do, for both the U.S. and the global economy […]
With the approaching confirmation of a new comptroller of the currency, the national banking regulator’s chief counsel has announced her retirement, effective Nov. 11. Amy Friend, senior deputy comptroller and chief counsel at the Office […]
Markup of nearly two dozen bills related to financial services and its regulation began Wednesday by the House Financial Services Committee, with members debating many of measures scheduled to be debated and voted on at […]
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