“Administrative adjudications” are the subject of the second “request for information” (RFI) issued by the federal consumer protection agency in its own search of “evidence” of whether or not it is accomplishing its mission. The […]
Jerome H. “Jay” Powell will be sworn in as the next chairman of the Federal Reserve Board on Monday at 9 a.m., the Fed said today in a statement. Powell was confirmed by the Senate […]
A panel of federal appeals court judges has ruled that the structure of the Consumer Financial Protection Bureau (CFPB) is constitutional – overturning an earlier decision in the U.S. Court of Appeals for the D.C. Circuit […]
A former employee of a credit union who pleaded guilty to embezzlement charges and was ordered to pay nearly $1 million in restitution has been prohibited from participating in the affairs of any federally insured […]
Citing his agency’s priority of promoting the advancement of women in the workplace, outgoing Federal Deposit Insurance Corp. (FDIC) Board Chairman Martin Gruenberg told a Washington group Tuesday that females hold 38.5% of the agency’s […]
A $140,000 credit union serving fewer than 200 members was liquidated Tuesday by the Illinois Department of Financial and Professional Regulation (IDFPR); the National Credit Union Administration (NCUA) was named liquidating agent. St. Elizabeth’s Credit […]
Regulations clarifying the role of financial technology entities – or “fintechs” – in making loans and taking deposits are needed, but the types of regulations will depend on the types of “fintechs” they affect, witnesses […]
Financial regulators should develop and implement specific policies and procedures to consistently comply with mandates from Congress for analyzing the impact of regulations on smaller institutions, according a report issued Tuesday. In its report, the […]
The 2018 roster of consumer reporting agencies, broken down into 11 categories, was published by the Consumer Financial Protection Bureau (CFPB) Tuesday in the agency’s annual listing. The CFPB said the list (current as of […]
Need for sustained attention to cybersecurity risks were emphasized by the Trump administration’s top financial regulator in testimony before a Senate committee Tuesday on key aspects of a report outlining potential risks to the financial […]
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