Title: Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Subject: Registry of orders Agency: CFPB Status: Proposed rule Summary: Pursuant to its authorities under the Consumer Financial Protection Act of 2010 […]
A Kansas banker who reportedly committed a combined 107 violations of federal insider lending rules was required to pay a $35,000 civil money penalty and undergo training under a December, combined consent order released Friday […]
A credit union in Texas that spent nearly two years in conservatorship has been returned to the control of its members, the federal credit union regulator said Friday. The National Credit Union Administration (NCUA) on […]
Two individuals were selected to take over as deputy directors within the agency’s risk management supervision division – one dealing with capital markets and accounting policy, the other over operational risk – due to the […]
A final rule from December identifying benchmark rates based on the Secured Overnight Financing Rate (SOFR) that will replace LIBOR (formerly known as the London Interbank Offered Rate) in certain financial contracts after June 30, […]
Treasury’s Emergency Capital Investment Program (ECIP) is offering a second round of funding, with applications due by 11:59 p.m. Eastern on Jan. 31, the federal credit union regulator told credit unions in an “express” announcement […]
A request for information seeking public feedback on how the consumer credit market is functioning was announced Tuesday as part of the Consumer Financial Protection Bureau’s (CFPB) biennial review of the industry, with feedback due […]
The national bank regulator on Monday issued a call for academic research papers on emerging risks in the banking system or related policy and supervisory issues, setting a March 3 deadline for submission. The Office […]
A former Michigan bank loan officer who reportedly earned more than $2.5 million in commissions through the origination of fraudulent loans is barred from any future work in a federally insured financial institution, the national […]
The key supervisory priorities of the federal regulator of credit unions in 2023 will include interest-rate, liquidity, and credit risks – according to a letter issued Wednesday – along with fraud protection and detection, information […]
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