There is need for more effective oversight of cryptocurrency markets to promote financial stability, according to the U.S. Treasury secretary, who issued a statement Wednesday in the wake of the recent failure of a major […]
Title: Guidelines for Evaluating Account and Services Requests Subject: Master accounts, services Agency: Federal Reserve Status: Notice and request for comment Summary: The Board of Governors of the Federal Reserve System (Board) is issuing a […]
Consumer reporting companies and data furnishers continued to violate the Fair Credit Reporting Act (FCRA) by failing to promptly address and update incorrect information on credit reports, according to a report issued Wednesday by the […]
Partnerships between financial technology firms (fintechs) and banks should be subject to enhanced supervision aimed at addressing risks to consumer protection and market integrity, according to a report released Wednesday by the Treasury Department. The […]
Erroneous information in tenant background checks is leading to higher costs and barriers to quality rental housing, the Consumer Financial Protection Bureau (CFPB) said in issuing a market report and a consumer “snapshot” focusing on […]
The federal agency that regulates credit unions on Tuesday closed two small West Virginia credit unions following about a five-week conservatorship for each. The National Credit Union Administration (NCUA) said it liquidated O.F. Toalston Federal […]
Crypto and stablecoins, capital requirements, climate change, bank mergers and more were among the topics that federal financial institution regulators touched on during testimony Tuesday before the Senate Banking Committee. In presenting their testimony for […]
Martin Gruenberg, the current acting chairman of the board for the federal insurer of bank deposits, would become the chairman (no longer temporary) of the agency panel under a nomination issued Monday by the White […]
Changes to clarify what will be disclosed to the public when the Consumer Financial Protection Bureau (CFPB) designates a nonbank entity for supervision, and more time for such entity to weigh in on such disclosure, […]
How close the National Credit Union Share Insurance Fund (NCUSIF) is to achieving a staff-projected, year-end equity ratio of 1.3% may be revealed Thursday during the National Credit Union Administration (NCUA) Board open meeting, which […]
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