Consumer Advisory Council (CAC) membership applications are now being taken by the Federal Reserve, the agency said Monday. The Fed’s CAC, which advises the agency on issues affecting consumers and communities, is composed of “a […]
Core services providers that small players in financial services – such as community banks and credit unions – rely upon have too much power in the system, the director of the consumer financial protection agency […]
The national bank regulator in a speech Friday stressed the need to establish an intentional architecture for stablecoins that will help protect people, the dollar, and “reflect our values,” and he outlined three preliminary factors […]
Digital assets policy by the federal government should ensure responsible innovation of the financial vehicles that works for all Americans, protects national security and the planet, and contributes to economic competitiveness and growth, the Treasury […]
An update on preliminary work performed in response to President Joe Biden’s (D) executive order on development of digital assets, including the progress of a report, was presented to members of the Financial Stability Oversight […]
Survivors of human trafficking would no longer be subject to negative credit reporting under a proposal unveiled Thursday by the federal consumer financial protection agency. Under the proposed rule, consumer reporting agencies (CRAs) would be […]
A former employee of Goldman, Sachs & Co. (New York) who is said to have disclosed confidential supervisory information is permanently barred from any future involvement in the affairs of any federally insured depository institution, […]
Three booklets from the Comptroller’s Licensing Manual have been revised and replace earlier ones issued in January 2017 and October 2019, the Office of the Comptroller of the Currency (OCC) said in a bulletin Thursday. […]
Engagement in crypto assets by banks – or the intention to engage in those digital assets – will now trigger a notification to the federal insurer of bank deposits, the agency said Thursday in a […]
It is critical that the credit reporting system is not used as a weapon to coerce Americans into paying medical and other bills they may not even owe, the leader of the federal consumer financial […]
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