Model forms for disclosures required of consumer reporting agencies under the Fair Credit Reporting Act (FCRA) are updated in an interim final rule issued Wednesday by the Bureau of Consumer Financial Protection (BCFP, formerly known […]
The Federal Reserve Board released a final rule Wednesday that revises the liability provisions of Regulation CC (Expedited Funds Availability Act), clarifying the burden of proof in disputes between banks over substitute or electronic checks […]
The Senate Banking Committee Wednesday rescheduled to Oct. 2 its hearing on the implementation by federal financial institution regulators of the new regulatory relief law enacted this spring. The hearing had been set for Thursday, […]
Barring unexpected developments, continued gradual increases in the federal funds rate are likely to be appropriate to sustain full employment and inflation near its objective, Federal Reserve Board Gov. Lael Brainard stated in her written […]
Don’t ever bet against the U.S. government in a crisis – “crisis can bring out the best in people,” the former Secretary of the Treasury during the financial crisis of 2008 said Wednesday at a […]
The Financial Crimes Enforcement Network (FinCEN) has published a Spanish version of its June advisory (FIN 2018-A003) alerting financial institutions of the connection between corrupt senior foreign political figures and their enabling of human rights […]
The National Credit Union Administration (NCUA) is “closely monitoring” Hurricane Florence, has provided information resources online and, if necessary, “will be ready to assist credit unions with maintaining or restoring operations,” the agency said in […]
A cease-and-desist order against payments technology provider Higher One, Inc., from 2015 related to a student financial aid refund disbursement program has been terminated, the Federal Reserve Board said in a release Tuesday. Higher One, […]
A final rule revising consumer financial protection bureau procedures for handling information requests from members of the public is set to take effect Oct. 12. The final rule, issued by the Bureau of Consumer Financial […]
The Senate Banking Committee Tuesday postponed its Thursday hearing featuring leaders from the three federal banking agencies and the federal credit union regulator. No reason was given for the postponement, and no new date was […]
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