Title: Remittance Transfers under the Electronic Fund Transfer Act (Regulation E) Subject: Remittances Agency: CFPB Status: Final rule Summary: The Electronic Fund Transfer Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection […]
Final guidance that “substantially transforms” federal financial regulators’ system for designating non-bank financial firms as entities subject to Federal Reserve supervision – including by instilling a cost-benefit analysis for assessing the designation – was approved […]
The nation’s top regulator of federally chartered banks failed to appear before a House committee’s oversight hearing with other regulators Wednesday, leaving his written statement to speak for him on a variety of key issues, […]
The list of 71 banks receiving evaluation ratings in September for compliance with the anti-redlining Community Reinvestment Act (CRA) shows that only one institution, located in Connecticut, earned less than a “satisfactory” rating from the […]
The federal panel that oversees states’ real estate appraiser certification programs is set to hold a special open meeting by conference call Dec. 12. The call by the Federal Financial Institutions Examination Council (FFIEC) Appraisal […]
Examination procedures related to compliance with anti-money laundering (AML) laws by money transmitter businesses should be updated, and examiners should be provided with training, the congressional watchdog recommends (among other things) in a report issued […]
The value of information not typically found in a consumer’s credit report, used against the backdrop of a well-designed compliance management program, is recognized as potentially helpful in credit underwriting in a statement issued jointly […]
An enforcement action related to foreign exchange operations against Bank of America taken in 2015 has been terminated as of Nov. 22, the Federal Reserve said Tuesday. The four-year action, which, when applied on May […]
Determining how best to analyze the effects of its regulatory actions on the banking industry, consumers, and the financial system – and do so in a transparent manner – is the aim of a recent request […]
The future of the federal consumer financial protection agency will be at the forefront at a March 3 hearing by the Supreme Court of a case questioning the agency’s constitutionality. The high court will hear […]
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