Eight individuals, through three prohibition orders and five notices of prohibition, were prohibited from participating in the affairs of any federally insured financial institution in November by the National Credit Union Administration (NCUA). In addition, […]
Private issuers of digital currencies raise concerns about their effect on financial stability, and central banks should “tread cautiously” about issuing their own – for the same concerns – the newest member of the Federal […]
Four of the Federal Reserve Board’s seven seats would be filled if the Senate confirms Marvin Goodfriend, an economics professor at Pittsburgh’s Carnegie-Mellon University. President Trump Wednesday nominated Goodfriend, 67, who has been described as […]
Separate civil money penalties (CMPs) totaling $243,000 were assessed on five individuals by the Office of the Comptroller of the Currency (OCC), as reported earlier this month; the national bank regulator also reported it took […]
More than half a million dollars in grants to support outreach to underserved members have been awarded to 23 credit unions in 17 states, the National Credit Union Administration (NCUA) announced Wednesday. According to the […]
Congress may consider policies to generate a sustained boost in economic growth, including improving the nation’s infrastructure and supporting innovation and adoption of new technologies, the outgoing chairman of the Federal Reserve Board said in […]
Mick Mulvaney will remain as interim Director of the Consumer Financial Protection Bureau (CFPB), and Leandra English will continue as deputy director of the agency – for now – following a ruling Tuesday by a […]
Restitution of approximately $2.8 million was ordered to be paid by a Kansas bank for deceptive residential mortgage practices, the Federal Reserve said Tuesday. The restitution order, levied against Peoples Bank of Lawrence, Kansas, the […]
(Note: updated Nov. 28) A judge’s decision is expected as soon as Tuesday on a request to declare the deputy director of the Consumer Financial Protection Bureau (CFPB) the acting director — and block President […]
A final rule requiring banks to ensure that a covered qualified financial contract contains a contractual “stay-and-transfer” provision – like that outlined in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) – is […]
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