A final report from its “regulatory reform task force” leads the agenda for the federal regulator of credit unions at its board’s last meeting for 2018 next week. The agenda for the National Credit Union […]
The Senate on Thursday confirmed the nomination of Kathleen (“Kathy”) Kraninger to be the director of the Bureau of Consumer Financial Protection (BCFP, formerly known as CFPB), paving the way for Kraninger’s installment at the […]
A request for information (RFI) – out for comment until Feb. 11 – and other initiatives related to the deposit insurance application process for de novo (new) banks and to promote a more transparent, streamlined, and […]
The outgoing, acting director of the federal consumer financial protection agency said Thursday he was not involved in the selection of his successor as permanent director, who was confirmed by the Senate the same day. […]
Words such as “moderate,” “stable,” “slightly,” and “steady” largely described lending activity in Federal Reserve districts across the country in the latest Beige Book report released Wednesday. In the report, which outlines economic and financial activity […]
The first “no-action” letter issued by the federal consumer financial protection agency last year is listed as one of the highlights of the agency’s efforts in fair lending enforcement, according to a report dated Tuesday. […]
Three banks received the highest rating possible – “outstanding” – in their Community Reinvestment Act (CRA) evaluations this summer by the Office of the Comptroller of the Currency (OCC), while another 25 were rated “satisfactory,” […]
“Bailouts are not right,” the board chairman of the federal insurer of bank deposits said Thursday in opening a meeting of the agency committee that advises on “systemic resolution” of failing financial institutions. Federal Deposit […]
Improving the effectiveness and efficiency of anti-money laundering laws – and opening thedoor to bankers for ideas in protecting the financial system from illicit threats – were two objectives outlined by one of the Treasury […]
In the second legal opinion letter published this year addressing “other similar escrow account” share insurance coverage, the federal regulator of credit unions has determined that a particular 529 savings account offered by a state-chartered, […]
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