Federal Reserve Board Nominee Judy Shelton “does not have the votes” to be confirmed to the seat, according reports Tuesday citing a member of the Republican Senate leadership team. According to the report, Sen. John […]
A proposed stipulated judgment to forgive $330 million in student loans was filed Tuesday by the federal consumer financial protection agency, along with several states, against a student loan company and one of the largest […]
Assessment rates will remain unchanged for institutions insured by the federal bank deposit insurance fund under a restoration plan adopted Tuesday for the agency’s insurance fund, which has been diluted by the massive influx of […]
A consent order announced Monday between the consumer financial protection agency and a mortgage firm licensed in about 22 states imposes a $625,000 civil money penalty against the firm for deceptively advertising Veterans Administration (VA)-backed […]
Credit unions and banks along the Gulf Coast in the path of the new Hurricane Sally both received guidance from their respective federal regulators Monday. The National Credit Union Administration (NCUA) warned credit unions in […]
Institutions lacking a federal functional regulator – including non-federally insured credit unions, state-chartered non-depository trust companies, and private banks – will be subject to minimum standards for anti-money laundering programs established under a final rule […]
Protecting consumers from “new threats” while enabling financial services providers to develop new, better ways to serve consumer needs will be a key part of a discussion on regulatory modernization and flexibility among a taskforce […]
A veteran of the Federal Reserve, who is being hailed as offering “keen insights and advice” that are “indispensable” to interest-rate policy setters at the agency, is the next leader of monetary affairs for the […]
July and August were not great months for mortgage companies if they’d been caught ripping off military vets and servicemembers. Reg Report reported on one order issued by the consumer financial protection bureau in late […]
A June 2014 enforcement action with Allied First Bancorp, Inc., of Oswego, Ill., that charged the bank holding company with, among other things, ensuring its subsidiary bank complied with an order finding unsafe and unsound […]
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