Soon after the president signed a congressional resolution to overturn the bureau’s 2013 guidance for indirect auto lenders, the Bureau of Consumer Financial Protection (BCFP) issued a release Monday not only lauding that action but […]
Legislation removing 2013 guidance issued by the federal consumer financial protection agency – which was later deemed a “rule” by a congressional watchdog agency – was signed into law Monday by President Donald Trump in […]
The Bureau of Consumer Financial Protection (BCFP) issued a clarification on the use for its records systems and modified the list of routine uses of records maintained in each system in a notice published Monday […]
“Bank” as a verb to generally refer to provision of financial services is permissible for a credit union to use in its advertising, and federal law supersedes state statutes that would block the use of […]
The deadline for comments on banking regulators’ proposed changes to the “enhanced supplementary leverage ratio” (eSLR) standards for U.S. top-tier bank holding companies (BHCs) and subsidiaries has been extended to June 25, the Federal Reserve […]
A confirmation vote for the leader of a federal financial institution regulator, a vote on “regulatory relief” legislation that will send it to the president to sign, and a report on first-quarter bank earnings highlight […]
The “payday lending rule” issued by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) last year stands in place for now, as a deadline passed this week for Congress to take […]
Five principles to guide banking regulators in their coming refresh of Community Reinvestment Act (CRA) rules were outlined Friday by Federal Reserve Board Gov. Lael Brainard during a speech before a community development conference in […]
The Senate will consider the confirmation of Jelena McWilliams’ nominations as chairman and a member of the Federal Deposit Insurance Corp. (FDIC) Board Monday, under its “unanimous consent” calendar. McWilliams, whose nomination as chairman was […]
A Senate-passed “regulatory relief” package that would exempt more banks from the Volcker rule, ease certain mortgage rules and more is slated for action in the House next week. The House Rules Committee meets Monday […]
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