If there’s one thing the chairman of the Federal Reserve Board wants the public to know, it’s that the central bank’s actions – and the policy decisions made by the board and carried out by […]
A proposal rescinding the “ability to repay” provisions of federal consumer financial protection agency regulations on small-dollar “payday” lenders should itself be rescinded, the chair of the House committee with oversight of the agency said […]
The Federal Reserve’s experience this year with an extended stress test cycle for lower-risk firms will help inform the central bank’s move to a permanently longer testing cycle, which will be addressed as part of […]
New surveys on consumers’ experiences with debt collection disclosures and on household financial shocks are proposed in notices published recently by the Consumer Financial Protection Bureau (CFPB). The bureau is seeking Office of Management and […]
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans; Delay of Compliance Date (mandatory underwriting provisions) Subject: Payday lending Agency: CFPB Status: Final rule Summary: The Bureau of Consumer Financial Protection (Bureau) is issuing this […]
Title: Payday, Vehicle Title, and Certain High-Cost Installment Loans (rescinding provisions of current rule) Subject: Payday lending Agency: CFPB Status: Proposed rule Summary: The Bureau of Consumer Financial Protection (Bureau) is proposing to rescind certain […]
Proposed rulemakings to eliminate the ability-to-repay provisions of the consumer bureau’s payday lending rule and delay the implementation of those measures by 15 months – to Nov. 19, 2020 – were released Wednesday for 90-day […]
Marijuana business banking will be the subject of a subcommittee hearing set for next week, the House Financial Services Committee announced Wednesday. The hearing, before the Consumer Protection and Financial Institutions subcommittee, is titled “Challenges […]
The federal bank deposit insurance agency on Feb. 1 terminated the receivership of Georgia Trust Bank, Buford, Ga., which was closed July 20, 2012, and has another nine receiverships slated to end in 30 days, […]
An advance notice of proposed rulemaking (ANPR) on brokered deposits and interest rate caps by the Federal Deposit Insurance Corp. (FDIC) is out for a 90-day public comment period that ends May 7, according to […]
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