A proposed rule giving many banks relief from the “Volcker Rule” – created in 2013 to prohibit proprietary trading by banking organizations – will finally be published Tuesday in the Federal Register, and open to […]
Randal Quarles’ 14-year tenure on the Federal Reserve Board is poised to become reality as the Senate gets ready to vote on confirmation this week on his nomination by President Donald Trump, made last year. […]
A hearing on a high-profile nomination and testimony (twice) from the leader of the nation’s central bank are among the highlights of this week’s activities affecting federal financial institution regulation. The nomination of Kathleen “Kathy” […]
A Kansas-based debt collection company and its former chief executive and part owner have been assessed penalties of $3 million each for unlawful debt collection acts and practices, harming consumer, the federal consumer financial protection […]
The U.S. financial system remains “substantially more resilient” than 20 years ago, the decade before the financial crisis of 2008, according to a Federal Reserve report sent to the Senate and House Friday. In a […]
A hearing on the nomination for the next – and permanent — director of the federal consumer financial protection agency has been set for Thursday by the Senate Banking Committee. Kathleen “Kathy” Kraninger was nominated […]
Protecting and extending regulatory provisions for banks installed in the wake of the financial crisis of 10 years ago – the “pillars” of the the regulatory actions, including higher capital requirements, better risk management, stress […]
A U.S. Treasury report on financial technology – “fintech” – should be coming out “shortly,” Secretary Steven Mnuchin told a House panel Thursday. Responding to questions from the House Financial Services Committee during the annual […]
Two enforcement actions – one against a Pakistan bank, the other against a former U.S. bank employee – and the termination of another earlier action against the bank it took the most recent enforcement action […]
An advisory group focusing on community banks’ issues (made up of community bankers) will continue to work with the federal bank deposit insurance agency, according to the agency’s new chairman – a decision cheered by […]
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