The Federal Reserve Board on Thursday announced it had terminated enforcement actions issued in 2011 and 2009, respectively, against bank holding companies Community Banks of Georgia, Inc. (CBGI) of Jasper, Ga., and Grand Mountain Bancshares, […]
A “small dollar lender” which operates under the name “Quik Pawn Shop” (among others) faces a judgment of $1.5 million for failing to properly disclose finance charges associated with its auto title loans – but […]
Implementation of the “secured overnight financing rate” (SOFR) – meant to supplant the London Interbank Offered Rate (LIBOR), and in existence only three months – is ahead of schedule, the Federal Reserve’s top supervisor said […]
Kathleen Kraninger, the president’s choice to head the Bureau of Consumer Financial Protection (BCFP), in her brief opening statement and during Q&A, embraced the bureau’s mission but revealed little detail during a Senate Banking Committee […]
With federal financial institution regulators gearing up to enforce recently enacted regulatory relief legislation as background, the congressional oversight agency Thursday issued a summary of previous work it has done on regulators’ past responses to […]
The acting director of the federal consumer protection bureau on Wednesday announced the appointment of Paul Watkins as the “director” of the recently created Office of Innovation, which will take over the work that was […]
Following the Senate’s confirmation Tuesday of a 14-year term for one member of the Federal Reserve Board, the White House Wednesday called for immediate action on the three other board nominees now awaiting confirmation. White […]
The Federal Reserve has a “unique opportunity” resulting from new legislation to further tailor its supervision and regulatory framework for large banks – but how it employs that opportunity will be subject to debate, the […]
Federal Reserve Board Chairman Jerome Powell on Wednesday told lawmakers he currently sees cyber risk as the top threat to the stability of the nation’s financial system. Powell, during a House committee hearing, said regulators […]
Nine credit unions have agreed to pay a total $3,109 in penalties for filing late fourth-quarter 2017 call reports, the federal credit union regulator said Wednesday. In a release, the National Credit Union Administration (NCUA) […]
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