The structure of the Federal Reserve should not be changed lightly, as it achieves a practical balance that serves the country well, board Gov. Jerome H. Powell said in a policy speech Tuesday. “Throughout our […]
Providing additional flexibility to some mortgage lenders concerning the collection of consumer demographic information is the aim of a proposed amendment to Regulation B (Equal Credit Opportunity Act/ECOA) issued by the CFPB last week. According […]
Another step in granting federal banking charters to financial technology companies (fintech) was taken today with the release of a draft licensing manual supplement by the Office of the Comptroller of the Currency (OCC). According […]
Federal agencies, including independents such as the federal financial institution regulators, must provide by this fall a reorganization plan to the Office of Management and Budget, which will form the basis of an overall Trump […]
Comments on a delayed effective date (to April 1, 2018) for a CFPB rule on prepaid accounts will be due April 5, as a result of a notice to be filed tomorrow in the Federal […]
Now is not the time to fundamentally change regulatory course, but to continue maintaining bank capital standards, ensuring stable sources of liquidity, and providing effective regulation and supervision, the Comptroller of the Currency said Thursday. […]
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 […]
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