A second hearing on the “customer due diligence” (CDD) rule, particularly the “beneficial ownership” requirements – compliance for which are required by Friday – has been scheduled by a House committee for next week. The […]
A floating-rate offering of seven-day term deposits with an early withdrawal feature through its “Term Deposit Facility” (TDF) will be offered May 17 by the Federal Reserve, the agency said Thursday. The offering is part […]
More than 3,000 comment letters have been submitted on the dozen “requests for information” issued by the federal consumer financial protection agency since January – but more than three out of every four letters address […]
Deposit insurance coverage – including a comprehensive overview of the rules for federal coverage – will be addressed in four online, live and no-charge seminars for bank employees and officers throughout the year, beginning May […]
A hearing on the nominations for two members for the Federal Reserve’s board of governors will be held May 15 by the Senate Banking Committee, the panel said in a statement Tuesday. The committee will […]
The House, voting 234 to 175, on Tuesday adopted a Senate-passed resolution to repeal 2013 guidance from the Bureau of Consumer Financial Protection (BCFP) on indirect auto lenders’ compliance with federal fair lending requirements. The […]
Two actions in which the Federal Deposit Insurance Corp.’s (FDIC) office of inspector general (OIG) partnered with federal law enforcement have resulted in a recent conviction and a recent indictment, the office said Tuesday. In […]
Financial institution “regulatory relief” will proceed on two fronts in the House this month – including action on legislation already approved by the Senate, and an additional separate piece of legislation, leaders said Tuesday. In […]
A broad array of subjects – including the Home Mortgage Disclosure Act (HMDA), the Electronic Fund Transfer Act (Regulation E), debt collection, and mortgage origination – are on the agenda for the meeting of the […]
The Federal Reserve will continue to build resilience in the domestic financial system and support efforts to do the same in financial systems around the globe, the central bank’s board chairman said Tuesday. Addressing a […]
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