Saying he has been impressed by the “leadership and emphasis on operational efficiency and excellence” by the acting director of the federal consumer bureau, the comptroller of the currency pledged Tuesday to work to reevaluate […]
The massive data breach at the Equifax credit reporting agency is something the Treasury secretary said he intends to bring up with the acting director of the federal consumer protection bureau, during questions and answers with […]
Kirsten Sutton Mork is the next chief of staff for the Consumer Financial Protection Bureau (CFPB), the agency stated in a press release Tuesday, filling a role that was most recently held by the bureau […]
One bank receiving an “outstanding” rating and four others receiving “needs to improve” scores were among the 43 financial institutions listed in evaluations during November for compliance with the Community Reinvestment Act (CRA), released by […]
Cybersecurity vigilance, passage of financial regulatory reform legislation and increasing the debt limit of the U.S. government were all key points of testimony by the Treasury secretary before a House committee Tuesday. Steven Mnuchin, providing […]
The Federal Deposit Insurance Corp. (FDIC) Tuesday became the third federal banking regulator to issue its stress test scenarios for 2018 for certain financial institutions with more than $10 billion in assets. According to the […]
Banks on balance eased their standards and terms on commercial and industrial (C&I) loans to large and middle-market firms while demand for such loans was basically unchanged, the Federal Reserve said in its January survey […]
Swap margin requirements would be amended to conform with recent rule changes that impose new restrictions on certain qualified financial contracts (QFCs) of systemically important banking organizations, five federal agencies – including the three federal […]
Replacing Janet Yellen as chairman of the Federal Reserve Board, Jerome H. “Jay” Powell was sworn in Monday at the helm of the nation’s central bank and banking regulator. Seven hours later, the Dow Jones […]
Wells Fargo Bank was slapped with sanctions, including limits on its growth and removal of some of its board members by April, the Federal Reserve said Friday. The regulator said the sanctions on the firm’s […]
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