Top headlines in today’s news …
Aggressive competition from non-bank lenders in the marketplace, cybersecurity threats and management of money laundering compliance are “key risks” outlined for national banks and savings associations in a report released Thursday. The Semiannual Risk Perspective […]
Guidance for the new tax law concerning accounting and reporting implications was distributed Thursday by federal banking agencies to give banks and savings associations insights about how the new law will affect their financial statements […]
A series of “requests for information” to determine if the Consumer Financial Protection Bureau (CFPB) is fulfilling its “proper and appropriate functions to best protect consumers” will be published in coming days, the acting director […]
For the second time since he was nominated by President Donald Trump to be the next chairman of the Federal Reserve Board, Jerome H. “Jay” Powell has received the support of the Senate Banking Committee […]
The payday loan rule, scheduled to take effect now, may be reconsidered, the Consumer Financial Protection Bureau (CFPB) said Tuesday. In a statement, the bureau said it intends to engage in a rulemaking process that […]
At least 17 “regulatory relief” items – including several provisions based on similar items contained in the already-House approved H.R. 10, the Financial CHOICE Act – will be marked up by the Financial Services Committee […]
Opinions were split on how the Federal Reserve can (or should) be reformed during testimony before a House subcommittee, in consideration of several bills proposing changes to the central bank. The hearing before the House […]
Proposed “regulatory relief” legislation in the House won ringing endorsements from a banker, while a consumer advocate took a less complimentary view of the proposals, during testimony Tuesday before a House subcommittee. The hearing in […]
A difference of opinion over whether federal anti-money laundering systems are broken, or not, emerged during a Senate Banking Committee hearing Tuesday – but both sides called for some adjustments going forward. Dennis Lormel, a […]
A $70 million fine has been assessed against one of the largest banks in the country for failing to comply with a 2012 consent order related to anti-money laundering laws, the Office of the Comptroller […]
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