A banking agency bulletin issued Wednesday to encourage banks and savings institutions to provide consumers short-term, small-dollar installment loans – and offering principles and polices to help them do so without running afoul of a federal […]
A “streamlined” application process opens June 4 for low-income federally insured credit unions considering becoming community development financial institutions (CDFIs); the period closes on June 22, the federal credit union regulator said Wednesday. The National […]
Credit unions would get an additional two-year reprieve from federal risk-based capital rules under legislation marked up and reported out by a House committee Tuesday. The House Financial Services Committee voted 53-0 to approve H.R. […]
More American adults were feeling better about their financial situations in 2017 – about three in every four – than in 2013, but significant differences remain across race, ethnicity and education groups, according to a […]
Banks increased net income by more than 27% – $56 billion – in the first quarter of the year compared to the same period last year, the Federal Deposit Insurance Corp. (FDIC) reported Tuesday, but […]
Two former employees of Regions Bank, Birmingham, Ala., have been barred from future participation in the affairs of any federally insured financial institution over improper practices regarding credit origination, the Federal Reserve Board said Tuesday. […]
A proposal to lower the leverage capital for large, systemically important banks doesn’t seem like a “prudent step,” the outgoing chairman of the federal deposit insurance agency said Tuesday. In response to reporters’ questions following […]
A request for information (RFI) regarding the “supervision program” of the Bureau of Consumer Financial Protection (BCFP) drew a total of 46 comments as of Monday, the public comment deadline, according to Regulations.gov. This RFI […]
Three bills (out of five total) affecting federal financial institution regulation were in the process of being marked up Tuesday in the House Financial Services Committee; however, other business in the House (including roll call […]
As of today, there is one month remaining in the tenure of the acting director of the federal consumer financial protection agency as its leader, unless President Donald Trump makes a nomination by June 22. […]
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