Four areas that have potential to provide “the most meaningful supervisory burden reduction” will be the focus of the federal financial institution regulators as they pursue continued examination modernization, the federal umbrella group for the […]
Inherited regulations and rulemaking authorities are topics for the ninth “request for information,” issued Thursday, by the Consumer Financial Protection Bureau (CFPB) in the agency’s efforts to uncover “evidence” that it is doing the job […]
A Volcker rule exemption, more extended-exam-cycle eligibility for small banks and protection for veterans from negative credit reporting when payments for medical services are held up due to federal administrative processes were among the bills […]
The banking system, particularly among the large institutions, is experiencing low levels of vulnerability today – and if some weaknesses do arise, regulators have a greater ability to deal with those than before the financial […]
The Consumer Financial Protection Bureau (CFPB) is extending the public comment deadlines for three of its requests for information (RFIs) under a call for evidence regarding the bureau’s proper execution of its consumer protection function. […]
Mortgage servicing rules “frequently asked questions” — largely dealing with issues related to bankruptcies – about compliance with revised rules effective April 19 were published by the federal consumer protection bureau Tuesday. The FAQs issued […]
Acquisition of a Nevada bank by San Francisco-based Charles Schwab Corp. has been approved by the Federal Reserve, the central bank announced Tuesday – part of a step by the Schwab company to establish a […]
The Financial Stability Oversight Council (FSOC) is accepting comments until April 18 on recent changes to its hearing procedures addressing appeals by certain large firms objecting to their treatment as “non-bank” entities subject to consolidated […]
Legislation that exempts non-bank financial companies from annual “stress tests” was approved by the House Tuesday. However, the House agreed to amend the bill with a provision from Rep. Maxine Waters (D-Calif. and ranking member […]
The Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) on Tuesday sent Congress a report on their 2017 activities to combat illegal debt collection practices. The report on the agencies’ administration of the […]
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