Guidance aimed at addressing abusive conduct in consumer financial markets was issued Monday by the federal consumer financial protection agency, which termed the guidance a “policy statement” explaining the legal prohibition on abusive conduct in […]
The standard “flight to safety” in times of financial stress can have a destabilizing effect, including a “dash for cash” or a market run by liquidity investors – which may have been the dynamics for […]
Three regulators will continue representing their states on the advisory council for states to the umbrella group of federal regulators, the group said Monday. According to the Federal Financial Institutions Examination Council (FFIEC), Kevin Allard, […]
Terming actions by the previous administration on bank regulation a “weakening” of common-sense safeguards and supervision for large regional banks, President Joe Biden (D) late Thursday urged the supervisors to reverse those decisions, which he […]
Bank trading revenue in the fourth quarter of 2022 was up from the same quarter of the previous year by nearly 34% to $9.6 billion, even though the revenue was down from the previous 2022 […]
Acting Comptroller of the Currency Michael Hsu has added a new role and title to his duties: chair of the umbrella group for the federal financial institution regulators, the group said Friday. Hsu was named […]
Two former workers at credit unions in Massachusetts and Pennsylvania, respectively, were prohibited from working in a credit union or any other federally insured depository institution this month, the federal credit union regulator said Friday. […]
A new rule requiring lenders to collect and report information about the small business credit applications they receive, including geographic and demographic data, lending decisions, and the price of credit, was finalized Thursday by the […]
Fines of nearly $98 million were assessed against the holding company of Wells Fargo bank Thursday for its “historical inadequate oversight of sanctions compliance risks” which resulted in more than $530 million in prohibited transactions […]
All credit unions with more than $54 million in assets will be required to collect data associated with mortgage loan applications processed in 2023, the federal credit union regulator said Thursday. In a “regulatory alert” […]
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