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What's up
  • [ December 16, 2025 ] Latest new bank — this one in Ohio — will focus on virtual currency market, among other things FDIC
  • [ December 16, 2025 ] Rule would establish stablecoin issuance application procedure for banks, as required by GENIUS Act FDIC
  • [ December 16, 2025 ] DOGE cuts to FDIC workforce live on in ’26 operating budget, which decreases by 16.4% FDIC
  • [ December 16, 2025 ] OCC system risk report emphasizes innovation; economic, cyber risks eyed OCC
  • [ December 15, 2025 ] Mortgage holders staying current on loans, but foreclosures on the rise, report shows OCC
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CFPB

Hearing Tuesday afternoon considers arguments in dual Bureau directors’ case

November 28, 2017 0

(Note: updated Nov. 28) A judge’s decision is expected as soon as Tuesday on a request to declare the deputy director of the Consumer Financial Protection Bureau (CFPB) the acting director — and block President […]

The Fed

In hearing statement, Powell calls financial system ‘stronger, more resilient’ than 10 years ago

November 27, 2017 0

Saying that the nation’s financial system is far stronger and more resilient than a decade ago, with banks holding “much higher” levels of capital and liquid assets, and more aware of and better able to […]

OCC

Otting, vowing to enhance charters, reduce burden, sworn into office as 31st comptroller

November 27, 2017 0

Enhancing the value of financial institution charters his agency issues, reducing “unnecessary burden,” and promoting economic opportunity while maintaining safety and soundness of the federal banking system were three goals outlined by Joseph M. Otting […]

FDIC

Penalty for flood insurance omission, order for independent board, among October actions

November 27, 2017 0

A fine assessed on a bank for failure to obtain flood insurance on mortgage loans, and an order for another bank to establish an independent board and hire qualified management, were among the 14 actions […]

CFPB

Mulvaney takes seat as acting director; English files suit, legal memos swirl

November 27, 2017 0

Mick Mulvaney, designated Friday as acting director of the Consumer Financial Protection Bureau (CFPB) while simultaneously continuing to serve as director of the Office of Management and Budget (OMB), took a seat at the bureau’s […]

Today

  • Latest new bank — this one in Ohio — will focus on virtual currency market, among other things

    December 16, 2025 0
    A newly chartered bank for Columbus, Ohio — which will focus on financial products for businesses and individuals in the technology, payment systems, investment, and defense industries, including virtual currency market participants — was approved for federal deposit insurance Tuesday, [...]
  • Rule would establish stablecoin issuance application procedure for banks, as required by GENIUS Act

    December 16, 2025 0
    Banks wishing to issue payment stablecoins would need to follow an application procedure outlined in a proposed rule issued Tuesday by the board of the federal bank deposit insurance agency. The proposal, if finalized, would execute application provisions contained in [...]
  • DOGE cuts to FDIC workforce live on in ’26 operating budget, which decreases by 16.4%

    December 16, 2025 0
    A 16.4% decrease in the budget for 2026 of the federal bank deposit insurance agency is attributable to staffing cuts made at the beginning of the year in line with White House demands, the agency said Tuesday. According to the [...]
  • OCC system risk report emphasizes innovation; economic, cyber risks eyed

    December 16, 2025 0
    The importance of innovation in banking is given “special topic” attention in the national banking regulator’s semiannual risk perspective report, which also provides updates on the industry’s credit, market, cybersecurity and fraud risks. The report, released Tuesday by the Office [...]
  • Mortgage holders staying current on loans, but foreclosures on the rise, report shows

    December 15, 2025 0
    Consumers are holding their own with their mortgages as banks reported 97.4% current and performing at the end of the third quarter – which was the same level a year ago, the Office of the Comptroller of the Currency (OCC) [...]

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