Title: Supervisory Authority Over Certain Nonbank Covered Persons Based on Risk Determination; Public Release of Decisions and Orders Subject: Nonbank covered persons Agency: CFPB Status: Procedural rule; request for public comment Summary: The Consumer Financial […]
Prompt corrective action (PCA) changes affecting earnings retention and the filing of net worth restoration plans remain in place through March 31, 2023, the National Credit Union Administration (NCUA) announced Friday in an NCUA Express […]
Two former credit union workers were prohibited in April from ever serving again at a credit union (or any other federally insured financial institution), and a third former employee received a notice of prohibition after […]
Wrongful fee-charging practices and deceptive telemarketing have earned a proposed prohibition order against a debt relief firm and its chief executive for tricking consumers into using debt relief services and collecting nearly $10.5 million in […]
A civil money penalty (CMP) of $425,000 was assessed against a Kentucky bank and made public last month for deceptively advertising interest rates and fees for home mortgage loans, the federal insurer of bank deposits […]
Implementation of the Basel III capital framework and assessments of the impact on bank safety and soundness of risks related to crypto assets and climate change are among the “core responsibilities” for the federal bank […]
Five workshops for national bank and federal savings association directors for the second half of the year were announced Wednesday by their federal regulator and will cover various risks for banks and “keys to success” […]
Seven new members have joined the advisory committee on community banking of the federal bank deposit insurance agency, joining 12 others continuing on the panel, the agency said Wednesday. The full committee will meet May 3, […]
Stablecoins and their usage should be subject to a standard-setting initiative similar to that undertaken by bodies that set touchstones for the Internet, the leader of the regulator of national banks said Wednesday. In a […]
Lael Brainard will be the next vice chair of the Federal Reserve Board following a 52-43 vote by the Senate Tuesday. However, a vote for another member of the Fed Board was unclear Tuesday after […]
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