Stating that the division of consumer education should “redouble its efforts to ensure the Bureau engages all consumers who are economically suffering,” the acting director of the Consumer Financial Protection Bureau (CFPB) Wednesday issued a […]
The current accommodative target range of the federal funds rate will stay where it is in order to bring back labor market conditions somewhere approaching employment levels before the pandemic erupted last spring, the chair […]
Credit unions required to file reports on home mortgage loan applications made last year have until March 1 to do so, their federal regulator told them Wednesday. In a Regulatory Alert (21-RA-03), the National Credit […]
A rule to bolster the effectiveness of the “Paycheck Protection Program” (PPP) loan program is extended – for a second time – to give bank directors and shareholders authority to apply for the loans, the […]
The Federal Reserve, other U.S. financial regulators, and central banks and financial supervisors around the world have made progress on a path to identify, assess, and manage climate-related financial risks, according to a paper published […]
An effort to recruit attorneys “at all experience levels” to the federal consumer financial protection agency was announced Tuesday by its acting director in an effort, he said, to achieve “vigorous oversight of all applicable […]
The state of the U.S. labor market will be the focus of remarks next week by the chair of the nation’s central bank to a New York group, and priorities for the new chairman of […]
A formal withdrawal of Judy Shelton’s nomination to be a member of the Federal Reserve Board was issued Thursday by the White House, officially ending the bid of the controversial nominee to become a central […]
Perhaps unsurprisingly, the nominee to lead the federal consumer financial protection agency has won glowing praise from the incoming leader of the Senate Banking Committee following a video call between the two. That praise included […]
An enforcement action against units of the Santander USA financial firm nearly four years ago has been terminated by the Federal Reserve, the agency said Thursday. The Fed said the action applies to Santander Holdings […]
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