Top headlines in today’s news …
Jelena McWilliams was officially sworn in Tuesday as the twenty-first chairman of the federal deposit insurer; her first day on the job was Monday. McWilliams – confirmed by the Senate May 24 to succeed Martin […]
At least 23,200 letters commenting on consumer complaint reporting practices of the federal consumer financial protection agency had been recorded received as of midnight Monday, the deadline for comments set by the agency. The receipt […]
Recommendations for Congress to consider in addressing the accountability of the federal consumer financial protection agency made by its acting director this spring – as well as other suggestions – are the focus of a […]
Next week brings a new House subcommittee hearing on the Bureau of Consumer Financial Protection (BCFP, formerly referred to as CFPB) plus a handful of comment deadlines and events focusing on financial services industry issues […]
In one of the first changes made as a result of the new regulatory relief law enacted just last week, the federal regulator of credit unions announced Friday it had altered its business lending rules […]
The federal bank deposit insurer issued its own proposal Thursday on revising the “Volcker Rule,” with its outgoing board chairman giving his support after asserting the proposal preserves the core principles of the rule first […]
Credit or consumer reporting was the most-complained about financial product or service category in March, the federal consumer financial protection bureau said Thursday, with perennial complaint generator “debt collections” coming in second. According to the […]
A proposal to tailor and clarify Volcker Rule requirements for federally supervised banking organizations was issued by the Federal Reserve Board, by unanimous vote Wednesday, for a 60-day public comment period. The Volcker Rule places limits […]
Comments received by the federal consumer financial protection agency on its 12 “requests for information” (RFIs) have jumped to more than 87,000 counted so far – about eightfold the number in hand just two weeks […]
Effective dates for provisions in the newly enacted “Economic Growth, Regulatory Relief and Consumer Protection Act” (S.2155, signed into law by President Donald Trump last week, May 24) are varied and wide ranging, a review […]
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