The asset cap imposed on Wells Fargo Bank will remain in place, the chairman of the Federal Reserve Board said Wednesday, until the bank satisfies the Fed it has taken action to correct the environment […]
The regulator of the 11 Federal Home Loan Banks (FHLBs) – in an effort to improve diversity on the banks’ boards – should conduct a review on each bank’s processes for collecting gender and race/ethnicity […]
Complaints related to financial services were up 12% in 2018 among members of the U.S. armed services, veterans and their families, according to the latest “complaint snapshot” published Tuesday by the federal consumer financial protection […]
Funding for the Consumer Financial Protection Bureau (CFPB) would be cut by $23 million in fiscal year 2020, with total funding reductions of about $5 billion through FY 2029, according to White House budget documents. […]
At least 87 comments are now on file to the proposed change in the effective date of “ability to repay” provisions of the federal consumer financial protection agency’s regulation for payday lending, according to initial […]
Title: Loans to Members and Lines of Credit to Members Subject: Lending Agency: NCUA Status: Final rule Summary: The NCUA Board is amending its regulations regarding loans to members and lines of credit to members […]
Title: Margin and Capital Requirements for Covered Swap Entities Subject: Swaps Agency: FDIC, Federal Reserve, OCC Status: Interim final rule Summary: The OCC, Federal Reserve Board, FDIC, FCA, and FHFA (each an Agency and, collectively, the […]
A settlement of $335 million with a prominent accounting firm is final, related to professional negligence claims brought against the firm after audits of a failed Alabama bank by its federal insurer. However, not everyone […]
Financial institutions and payment organizations should watch their mailboxes for invitations being sent this month to participate in the Federal Reserve’s triennial payments study – which will actually be two studies in one, the central […]
Annual disclosures of financial and other information would no longer be required for insured state nonmember banks and insured state-licensed branches of foreign banks under a final rule set for publication as early as next […]
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