Legislation clarifying who among the Federal Reserve’s leaders testifies before Congress on the central bank’s supervisory efforts passed the House Monday on a voice vote; it now heads to the Senate. H.R. 974, the Federal […]
The federal regulator of credit unions released its 2018 annual report Wednesday, highlighting last year’s share insurance fund distribution to credit unions, ongoing efforts to modernize the examination process, federal credit union (FCU) chartering and […]
The First National Bank of Elmer (Elmer, N.J.) has reported that counterfeit cashier’s checks using the bank’s routing number of 031203915 are being presented for payment nationwide in connection with an online job opportunity overpayment […]
Findings of unfair and deceptive or abusive acts or practices connected to auto loan servicing, deposits, mortgage servicing, and remittances are described in the winter 2019 edition of the Consumer Financial Protection Bureau (CFPB) Supervisory […]
The two members of the board that guides the federal regulator of credit unions on Tuesday credited their ability to work together in a nonpartisan fashion with the reforms the agency has achieved in recent […]
With the formation of its “office of innovation” and the apparent imminent introduction of a “tech lab” as background, the federal insurer of bank deposits plans a “fintech and the future of banking” conference next […]
Despite saying she has an “open mind” about a proposed rule on payday lending, the director of the federal consumer financial protection agency faced a flurry of questions from Democratic senators in a hearing Tuesday […]
Federal Reserve Board Gov. Lael Brainard on Tuesday reiterated the importance of the Community Reinvesment Act’s (CRA) focus on place and noted ideas offered for CRA rule changes that could include expanded assessment areas once […]
Two former senior employees of a Wall Street giant were prohibited permanently from participating in the affairs of a bank Tuesday after participating in an alleged scheme to divert billions from a Malaysian sovereign wealth […]
More work still has to be done to make proposed changes to the “Volcker Rule” so that banks have more certainty, including what types of trading are prohibited under the regulation, the chairman of the […]
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