Top headlines in today’s news …
Nonbank “covered persons” who are subject to court or government agency’s final public orders related to offering or providing consumer financial products or services no longer need to get themselves on a registry maintained by […]
The Fair Credit Reporting Act’s (FCRA) preemption of state laws related to consumer credit reporting is broader than presented in a now-rescinded 2022 interpretive rule, the Consumer Financial Protection Bureau (CFPB) says. The CFPB, in […]
New “payment accounts” – referred to by a key sponsor as “skinny master accounts” – are under consideration by the Federal Reserve to deal with the anticipated influx of digital assets and other pressures on […]
A public hearing on the proposed 2026-2027 budget of the National Credit Union Administration (NCUA) is slated for 1 p.m. eastern Nov. 6. The deadline for comments from the public has also been extended from […]
Updated for published Federal Register notice and comment deadline. Codifying the elimination of reputation risk from the supervisory program of the federal credit union regulator is the aim of a notice of proposed rulemaking unveiled […]
Banning use of reputation risk by regulators and focusing supervision on material financial risks are both subjects of proposals issued Tuesday by two federal bank regulators Tuesday. The Office of the Comptroller of the Currency […]
Reminding that the agency remains open and federal share insurance remains in effect during the current federal government shutdown, credit unions’ federal regulator Wednesday offered a brief list of how credit unions may prepare for […]
Four federal financial institutions regulators issued a reminder Wednesday to lenders that they are still allowed to make loans subject to federal flood insurance laws when the National Flood Insurance Program (NFIP) is not available, […]
Updated to include new Federal Register notice. Comments are due Oct. 24 on the federal credit union regulator’s proposed 2026-2027 budget, which includes a 20.6% reduction from 2025 to 2026 – fueled mostly by a […]
An inability to effectively assess the resilience of the largest banks, as well as a lack of credibility – both putting the financial system and economy at risk – would be the result of changes […]
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