The U.S. financial system remains “substantially more resilient” than 20 years ago, the decade before the financial crisis of 2008, according to a Federal Reserve report sent to the Senate and House Friday. In a […]
Senior officials from the Department of Justice, federal financial regulators and across the cabinet will participate in the recently announced Task Force on Market Integrity and Consumer Fraud, which will place “new emphasis on the […]
A hearing on the nomination for the next – and permanent — director of the federal consumer financial protection agency has been set for Thursday by the Senate Banking Committee. Kathleen “Kathy” Kraninger was nominated […]
Someone reportedly is emailing consumers regarding funds purportedly being held for them by the Office of the Comptroller of the Currency (OCC). OCC issued an alert to regulators and financial institutions Thursday warning of the […]
Protecting and extending regulatory provisions for banks installed in the wake of the financial crisis of 10 years ago – the “pillars” of the the regulatory actions, including higher capital requirements, better risk management, stress […]
Federal Reserve Board Chairman Jerome (“Jay”) Powell is scheduled to make not one, but two appearances before lawmakers next week to give his semiannual report to Congress on monetary policy, according to the hearing schedule […]
A U.S. Treasury report on financial technology – “fintech” – should be coming out “shortly,” Secretary Steven Mnuchin told a House panel Thursday. Responding to questions from the House Financial Services Committee during the annual […]
A hearing Thursday by the Senate Banking Committee that included testimony from the Bureau of Consumer Financial Protection (BCFP) and Federal Trade Commission (FTC) evidenced ongoing concerns regarding the security of the data collected by […]
Two enforcement actions – one against a Pakistan bank, the other against a former U.S. bank employee – and the termination of another earlier action against the bank it took the most recent enforcement action […]
An advisory group focusing on community banks’ issues (made up of community bankers) will continue to work with the federal bank deposit insurance agency, according to the agency’s new chairman – a decision cheered by […]
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