Risks to financial stability by nonbank financial companies should be evaluated through a process that starts with reviewing the activities and products of individual organizations, the Treasury recommends to President Donald Trump. In a report […]
Reports are circulating in Washington that Office of Management and Budget (OMB) Director Mick Mulvaney will be tapped by the White House to lead the Consumer Financial Protection Bureau (CFPB) on an interim basis. Mulvaney […]
Joseph Otting was confirmed by the Senate for a five-year term as Comptroller of the Currency Thursday, on a vote of 54-43. Otting, 58, replaces Acting Comptroller Keith Noreika, who was named to that role […]
The CFPB today will finally publish its final rule on payday and vehicle title loans — released in Oct. 5 – with an effective day in mid-January (60-days after publication in the Federal Register). As […]
Small business resources and research pertinent to community banks is the topic for a Dec. 12 teleconference scheduled by the Federal Deposit Insurance Corp. (FDIC) from 2-3:30 p.m. ET. The teleconference will feature FDIC products […]
Allowable charges will remain unchanged at $12 under the Fair Credit Reporting Act (FCRA), according to a notice set to published Thursday in the Federal Register by the Consumer Financial Protection Bureau (CFPB). The rate […]
The confirmation of Joseph Otting to become permanent Comptroller of the Currency took a step closer Wednesday with the Senate voting 54-44 toward a final vote on his nomination. Otting, 58, was nominated by President Donald […]
Saying he will step down before the end of the month, and without revealing future plans, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray Wednesday shared with agency staff that his tenure is ending. Separately […]
Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg said he intends to remain in his post until his successor is confirmed by the Senate, he told a Washington group Tuesday. Speaking at the Brookings Institution, […]
It would be a mistake to assume a severe downturn or crisis cannot happen again, and “all of us” have a stake in preserving hard-won improvements in the strength and stability of the nation’s banking […]
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