The Senate on Thursday confirmed Rohit Chopra to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) on a straight, party-line vote of 50-48. Chopra, nominated to the bureau post in February […]
Growth in the consumer credit card market in recent years reversed itself in 2020, with credit card debt falling to $811 billion by the second quarter of 2020 from a 2019 peak of $926 billion […]
Credit unions may begin submitting data on credit card agreements with their members, and applying data submission requirements, to the federal consumer financial protection agency’s website for collecting credit card information, the National Credit Union […]
A report covering 23% of all residential mortgage debt outstanding showed that 95% of loans were current and performing at the end of the second quarter of this year, up from 91.1% at the end […]
Cyber risk is the most significant threat to the banking industry, the leader of the Federal Reserve Board told a Senate committee Tuesday. In testimony over the impact of Federal Reserve and Treasury actions to […]
Changes in technology, analytical capabilities, and customer and workforce preferences are spurring an initiative at the Federal Reserve to investigate the implications of those changes for the agency’s supervision function, a governor of the Fed […]
Title: Subordinated Debt Subject: Subordinated debt; secondary capital Agency: NCUA Status: Final rule Summary: The NCUA Board (Board) is amending the Subordinated Debt rule, which the Board finalized in December 2020 with an effective date […]
More time – 30 days – is allowed for comments on the federal credit union regulator’s request for information about the impact of activities connected to digital assets and related technologies, according to a notice published […]
Three individuals have been charged for their participation in a conspiracy to fraudulently obtain more than $3 million in loans from a financial institution’s New York branch under the Paycheck Protection Program (PPP) and Economic […]
A hearing on the reappointment of the chairman of the board for the federal credit union regulator is set for Thursday, the Senate Banking Committee said Monday. According to the committee’s website, the hearing for […]
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