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 […]
A California-based organization called the largest debt collector and debt buying group in the country was sued by the federal consumer financial protection agency Tuesday for violating the terms of a 2015 consent order that […]
A “tech sprint” aimed at developing innovative approaches to electronically delivered adverse action notices will be held Oct. 5-9, the federal consumer financial protection agency announced Sept. 1. According to the Consumer Financial Protection Bureau […]
Debt collection operations in New York that allegedly used illegal methods – including bullying, harassment and threats – to collect debts now face charges from both the federal consumer financial protection agency and the state […]
Consumers have not fallen significantly behind in making their loan payments during the coronavirus crisis, a report from the federal consumer financial protection agency asserted last week based on credit record data analyzed by the […]
Risks of “regulatory capture” – the phenomenon of a regulator acting in the interest of the regulated industry rather than the public interest – could be better documented by the federal insurer of bank deposits, […]
Capital requirements for two banks were revised as a result of corrected stress test results that stemmed from an error in projected trading losses, the Federal Reserve said Friday. In a release, the central bank […]
Federally insured credit unions saw their assets grow by nearly 12% in the first half of the year, with much of that growth coming in the second quarter, when deposits at the financial institutions grew […]
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