Federal Reserve Board Vice Chairman for Supervision Randal K. Quarles was sworn in to a 14-year term as a member of the board Monday. The oath of office was administered by Fed Chairman Jerome (“Jay”) […]
Factors other than asset size will need to be addressed in the Federal Reserve’s application of enhanced regulatory and supervisory standards for banks with $100 billion to $250 billion in assets as a result of […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
Fiscal 2018 funding rounds for two Treasury Community Development Financial Institutions (CDFI) Fund programs have opened, with up to $168 million in awards possible to support affordable housing activities as well as insured-bank investment in […]
Mariah Lee Scribner, a former employee/institution-affiliated party of Lake Huron Credit Union (Saginaw, Mich.), has been barred by the National Credit Union Administration (NCUA) from participating in the future in the affairs of any federally […]
The House on Thursday completed consideration and passed a House appropriations financial services bill nearing that reflects provisions similar to some contained in the recently unveiled JOBS Act 3.0, including modifications of banking organizations’ living […]
The Federal Reserve Board on Thursday announced it had terminated enforcement actions issued in 2011 and 2009, respectively, against bank holding companies Community Banks of Georgia, Inc. (CBGI) of Jasper, Ga., and Grand Mountain Bancshares, […]
Kathleen Kraninger, the president’s choice to head the Bureau of Consumer Financial Protection (BCFP), in her brief opening statement and during Q&A, embraced the bureau’s mission but revealed little detail during a Senate Banking Committee […]
The acting director of the federal consumer protection bureau on Wednesday announced the appointment of Paul Watkins as the “director” of the recently created Office of Innovation, which will take over the work that was […]
Federal Reserve Board Chairman Jerome Powell on Wednesday told lawmakers he currently sees cyber risk as the top threat to the stability of the nation’s financial system. Powell, during a House committee hearing, said regulators […]
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