The federal consumer financial protection agency drew fresh criticism Wednesday for a lack of transparency regarding large banks’ “excessive fees” charged to students in a statement from Rep. Maxine Waters, D-Calif., who is poised to […]
Trading revenue of U.S. commercial banks and federal savings associations rose $0.2 billion, or 2.7%, from the second quarter to a total of $7.1 billion, the Office of the Comptroller of the Currency (OCC) said […]
Three of the five federal financial institution regulatory agencies saw their “employee engagement scores” drop this year from 2017 levels, with the consumer financial protection agency seeing the biggest decline, more than 25 points, according […]
The percentage of current and performing mortgages improved slightly in the third quarter at national banks and thrifts, rising to 95.4%, up 60 basis points from the same period a year earlier. The Office of […]
The former acting director of the consumer financial protection bureau, John (“Mick”) Mulvaney, commended Kathleen (“Kathy”) Kraninger’s confirmation to a five-year term as bureau director in a statement posted online and dated Tuesday. Kraninger was […]
The newly installed director of the federal consumer financial protection agency will launch a three-month “listening tour” and will work on finding the balance between career and political staff at the agency, she told reporters […]
A notice for comment on the proposed, three-year extension of financial reports of Federal Reserve-supervised banking organizations also invites input on report changes addressing the transition to the current expected credit loss (CECL) accounting standard […]
A proposal to establish a “regulatory sandbox” encouraging banks to test new, innovative financial products as part of changes to the “no-action letter policy” has drawn sharp criticism from the Democrat poised to take over […]
The 2018 aggregate global indicator amounts (shown below) that the largest banking organizations will use to calculate a risk-based capital surcharge are were approved Dec. 6 by the Federal Reserve Board and become applicable upon […]
The federal consumer financial protection agency officially has a new director, as Kathleen (“Kathy”) Kraninger was sworn in Monday evening; she was confirmed to serve a five-year term by the Senate Thursday. Vice President Mike […]
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