Title: Statement of Policy Regarding Prohibition on Abusive Acts or Practices Subject: Abusive acts or practices Agency: CFPB Status: Policy statement Summary: Section 1031(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank […]
The Consumer Financial Protection Bureau (CFPB) has implemented a recommendation made by the Government Accountability Office (GAO) last year for more clearly communicating its policy for posting public comments, according to a report released Thursday […]
The president’s two nominees to the Federal Reserve Board – Judy Shelton and Christopher Waller – are scheduled to testify on their nominations Feb. 13 before the Senate Banking Committee. The Senate received the nominations […]
A day-long, public session on consumer debt relief will be held March 10 in Washington by the Consumer Financial Protection Bureau (CFPB), according to a “save the date” notice on the bureau’s website. This so-called […]
Receiverships of four banks that were closed in 2009 and 2015 were terminated Feb. 1 by the Federal Deposit Insurance Corp. (FDIC), the agency said in a notice slated for publication Monday in the Federal […]
A civil money penalty of $9,500 was assessed against Farmers & Merchants Bank of Craig County (New Castle, Va.) this week over violations of federal flood insurance rules, according to a consent order announced Thursday […]
A firm and its six subsidiaries that were affiliated with tribal lenders and was allegedly involved in the provision and collection on loans that violated interest rate caps and other state law requirements would pay […]
Federal Reserve Board Chair Jerome H. (“Jay”) Powell will give lawmakers an update on the central bank’s monetary policy activity during a Senate Banking Committee hearing next Wednesday, one day after giving similar testimony for […]
Seven banks whose latest Community Reinvestment Act (CRA) were made public in January received ratings of “outstanding,” and the remaining 21 were rated “satisfactory,” according to a release Wednesday by the Office of the Comptroller […]
Senior bank loan officers said they expect banks to tighten standards for most categories of business loans, credit card loans, and auto loans over the coming year, but they expect standards will be unchanged for […]
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