Thomas Pahl is the new deputy director of the federal consumer financial protection bureau, the third person to fill that position so far this year. The agency also announced a new division consolidating its external […]
A June legal opinion from the federal credit union regulatory agency notes that the “reasonable proximity” requirement under the Federal Credit Union Act doesn’t set a maximum distance between the location of a group that […]
Several false, misleading, and inaccurate marketing representations in advertising for a Delaware-based financial services company that took $15 million in deposits but was not a bank are alleged in lawsuit filed Monday the Consumer Financial […]
Any federal credit union that had a rural district membership eligibility application postponed – for, in some cases, nearly two years — as a result of a now-resolved lawsuit will see its application processed immediately, […]
The economic and financial “path of recovery” from the impact of the coronavirus crisis remains highly uncertain, the Federal Reserve’s top supervisor said Tuesday – but he also noted that banks continue to be in […]
Financial institutions were urged to be alert to the financial “red flags” that may indicate COVID-19-related imposter scams or money mule schemes in a Treasury financial crimes enforcement unit advisory Tuesday that also gives instructions […]
Most regulatory actions taken from 2012 through the middle of 2020 by the consumer financial protection agency were ratified by the agency Tuesday in response to a Supreme Court decision last week declaring the agency’s […]
A new final rule on small-dollar lending issued Tuesday by the federal consumer financial protection agency revokes “ability to repay” provisions of the previous rule but makes no changes to the payment protection provisions already […]
A new deputy chief information officer is now on board at the federal insurer of bank deposits, the agency announced Tuesday. Bob De Luca, the Federal Deposit Insurance Corp. (FDIC) said, will oversee day-to-day operations […]
The long-promised Main Street Lending Program (MSLP) of the Federal Reserve is now fully operational and ready to purchase eligible loan participations by registered lenders, the Boston arm of the central bank said Monday. The […]
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