Top headlines in today’s news …
Stanley Fischer, vice chairman of the Federal Reserve Board of Governors, has resigned effective Oct. 13, the central bank announced Wednesday. He joined the board in May 2014; his term was scheduled to end in […]
Establishment of low-risk checking or prepaid accounts at banks and credit unions, and use of “alternative data” in building credit records, continue to be goals of the Consumer Financial Protection Bureau (CFPB) in battling financial […]
Enhancing the effectiveness of boards of directors of firms under supervision is the aim of a proposal issued Thursday by the Federal Reserve Board. Additionally, the Fed issued a second proposal that it said is […]
NCUA’s payments to law firms in fees totaling more than $1 billion “is raising alarms among House GOP members” out of concern that the agency is overpaying for recovery agreements reached with Wall Street banks […]
Concerned about financial services and other companies that are “tricking consumers” into paying expensive fees for remitting by phone, the CFPB issued a warning today about charging the fees. The bureau also issued guidance that […]
Independent federal agencies – such as federal financial institution regulators – are being encouraged to identify cost savings through regulatory reduction to offset costs of planned new, significant regulations — even though the regulators are […]
Federal financial institution regulators issued less than a third of the proposed or finalized regulations in February that they have, on average, issued in the same month over the previous three years, according to a […]
At least two of the executive orders issued by President Donald Trump this month and last are expected to “influence” the work of the federal credit union regulator, the new acting chairman of the agency […]
No exemption for financial institutions is apparent in the executive order issued Friday by President Donald Trump, which mandates task forces be created in each agency with a goal of eliminating red tape. Additionally, the […]
Advisory boards and councils for the CFPB – representing community banks, credit unions, consumers and researchers – would be continued under notices to be published Thursday by the agency, despite proposed legislation likely to emerge […]
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