Leadership
Year: 2017
CFPB
On arbitration rule repeal, White House mum – acting comptroller chatty
The White House issued no statement in conjunction with President Donald Trump Wednesday signing the repeal of the Consumer Financial Protection Bureau’s (CFPB) “arbitration rule” – but the acting comptroller of the currency had plenty […]
Legislation
House overseer of financial services will step down at end of Congress
The chairman of the House Financial Services Committee, and sponsor of legislation that envisioned sweeping changes to the federal financial institution regulatory scheme – the Financial CHOICE Act (H.R. 10) – will not be returning […]
Federal financial regulation
Paper asserts regulations led to short-term funding reliance by FHLBs — and maybe ‘runs’
Federal Home Loan Banks became reliant on short-term funding from money market funds to finance longer-term loans and other assets in the wake of new regulations imposed after the financial crisis, which could make the […]
NCUA
Credit union employee sentenced to 5 years’ prison term, $400k-plus restitution order
Five individuals – including one sentenced to a five-year prison term and restitution order of more than $400,000 — are prohibited from participating in the affairs of any federally insured financial institution, the National Credit […]
Federal financial regulation
Appraisal subcommittee looks at registry fees, extension of program for appraisal management companies
Bulletins on registry fees for appraisal management companies (AMC), as well as a 12-month extension of the implementation period for AMC programs, is on the agenda for the appraisal subcommittee (ASC) of the Federal Financial […]
OCC
Comptroller updates bank enforcement action policies, procedures
New bank enforcement action policies and procedures will be effective Dec. 1 from the Office of the Comptroller of the Currency (OCC), with an objective of “enhancing standard processes for initiating, tracking, and resolving enforcement […]
CFPB
Mortgage delinquency rates at lowest point since ‘great recession,’ consumer bureau says
Mortgage delinquency rates nationally are at their lowest point since the financial crisis, the Consumer Financial Protection Bureau (CFPB) reported Monday, as it announced a new “mortgage performance trends” tool which follows delinquency rates nationwide. […]
FDIC
FDIC lists 24 supervisory actions taken in September
Twenty-four supervisory actions were taken by the Federal Deposit Insurance Corp. (FDIC) in September – including eight consent orders against persons affiliated with one Pennsylvania bank – the agency reported last week. The consent orders […]
NCUA
Agency closes 82-year-old credit union; fourth liquidated this year
An 82-year-old credit union Friday became the fourth nationwide to be liquidated in 2017, the federal regulator of credit unions announced. New York State Employees Federal Credit Union of New York, N.Y., had about $2 […]