A markup of legislation featuring at least 23 separate items affecting federal regulation of financial institutions will be held by the House Financial Services Committee on Wednesday (Oct. 11). Among the provisions to be considered […]
Repeating assertions that the pending “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will raise the cost of credit, the acting Comptroller of the Currency in a speech Thursday also took aim at random […]
The principle that lenders must actually evaluate the borrower’s chances of success before making a loan is just plain common sense, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray told the press Thursday in conference […]
Guidance to national banks issued four years ago about “Deposit Advance Products” – including payday and other small-dollar, short-term loans – was rescinded Thursday by the Office of the Comptroller of the Currency (OCC), in […]
A final rule requiring payday lenders and others to determine upfront whether consumers can repay their loans was issued Thursday by the Consumer Financial Protection Bureau (CFPB), covering payday loans, auto title loans, deposit advance […]
Legislation which clarifies that a person with state banking regulatory experience must be a member of the Federal Deposit Insurance Corp. (FDIC) Board has been introduced in the Senate; a similar measure has been unveiled […]
The Senate has confirmed Randal Quarles as vice chairman for supervision of the Federal Reserve, the first person to serve in that position. The confirmation of Quarles, 60, is the first by President Donald Trump to […]
Proposals and actions on recent regulation – including those to ease appraisal standards in commercial lending, and simplify requirements in the regulatory capital rule – were made with an “abiding commitment to consider how our […]
The top five states increasing deposits over the last year from branches within their states amassed more than $277 billion more in deposits, according to the annual survey of branch office deposits (SOD) for all […]
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