More than 5,000 credit unions across the country will begin receiving statements this week from their federal regulator outlining their share of a nearly $736 million payout of funds left over in a now-closed program […]
The House, on Tuesday voting 406-4, passed a broad, bipartisan capital-formation measure that would also reduce the frequency of banking company resolution plans (living wills), provide a safe harbor for financial institutions keeping some suspicious […]
The final of 12 “requests for information” (RFI) from the federal consumer financial protection agency generated 792 comments as of midnight Monday, contributing to a grand total of more than 88,000 comments submitted on the […]
A proposed rule giving many banks relief from the “Volcker Rule” – created in 2013 to prohibit proprietary trading by banking organizations – will finally be published Tuesday in the Federal Register, and open to […]
Randal Quarles’ 14-year tenure on the Federal Reserve Board is poised to become reality as the Senate gets ready to vote on confirmation this week on his nomination by President Donald Trump, made last year. […]
A hearing on a high-profile nomination and testimony (twice) from the leader of the nation’s central bank are among the highlights of this week’s activities affecting federal financial institution regulation. The nomination of Kathleen “Kathy” […]
A Facebook Live event to help military consumers learn how to recognize and avoid scams, and learn about available resources, will be held July 17 by the National Credit Union Administration (NCUA) and Federal Trade […]
A Kansas-based debt collection company and its former chief executive and part owner have been assessed penalties of $3 million each for unlawful debt collection acts and practices, harming consumer, the federal consumer financial protection […]
At least three variations of counterfeit cashier’s checks using the routing number (111904419) of National United, a bank in Gatesville, Texas, are being presented nationwide in connection with various online employment opportunity scams, the Office […]
The U.S. financial system remains “substantially more resilient” than 20 years ago, the decade before the financial crisis of 2008, according to a Federal Reserve report sent to the Senate and House Friday. In a […]
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