Donald Trump, “promptly after his inauguration” as president, should fire CFPB Director Richard Cordray, two senators have written to the vice president-elect, despite an on-going legal battle over whether the director may be fired before […]
Annual required “reaffirmation” by credit union service organizations (CUSOs) must be completed between Feb. 1 and March 31 with the NCUA’s CUSO registry, the agency announced today. In a release, the agency noted that CUSOs […]
(Updated Jan. 10) The Trump transition team has listed individuals in 39 positions on “agency landing teams” for seven federal financial institution regulatory agencies, according to a list updated as of Jan. 9. Agencies listed […]
A proposed rule reviewing current policies and procedures to certify an organization as a Community Development Financial Institution, and a notice that a streamlined call report for three federal financial institution regulatory agencies will debut […]
A streamlined call report for three federal financial institution regulatory agencies will debut in late March, and changes for the procedures of certifying community development financial institutions (CDFIs) are scheduled for publication in Monday’s Federal […]
Leandra English will be the CFPB’s chief of staff, returning to an agency she served previously as deputy chief operating officer and in other senior positions, the bureau announced today while also naming several other […]
National banks continue to ease underwriting practices – raising their risk — to address competition from other bank and non-bank lenders, while also facing concerns about operational risk (due to cybersecurity threats, and others) and […]
Nearly 40 percent of federal student loan borrowers age 65 and older were in default in 2015, according to a report released today by the CFPB, as many borrowers deal with payments on student loans […]
Changes to the NCUA’s quarterly call report and credit union profile – in particular, to capture information about member business loans/commercial lending – have been proposed by the agency in a Federal Register notice. Comments […]
Declaring that two credit rating agencies “lured consumers into costly recurring payments for credit-related products with false promises,” the CFPB Tuesday ordered Equifax, Inc., and TransUnion to pay fines and restitution totaling $23.1 million and […]
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