A proposal to lower the leverage capital for large, systemically important banks doesn’t seem like a “prudent step,” the outgoing chairman of the federal deposit insurance agency said Tuesday. In response to reporters’ questions following […]
A request for information (RFI) regarding the “supervision program” of the Bureau of Consumer Financial Protection (BCFP) drew a total of 46 comments as of Monday, the public comment deadline, according to Regulations.gov. This RFI […]
As of today, there is one month remaining in the tenure of the acting director of the federal consumer financial protection agency as its leader, unless President Donald Trump makes a nomination by June 22. […]
Soon after the president signed a congressional resolution to overturn the bureau’s 2013 guidance for indirect auto lenders, the Bureau of Consumer Financial Protection (BCFP) issued a release Monday not only lauding that action but […]
Legislation removing 2013 guidance issued by the federal consumer financial protection agency – which was later deemed a “rule” by a congressional watchdog agency – was signed into law Monday by President Donald Trump in […]
The Bureau of Consumer Financial Protection (BCFP) issued a clarification on the use for its records systems and modified the list of routine uses of records maintained in each system in a notice published Monday […]
“Bank” as a verb to generally refer to provision of financial services is permissible for a credit union to use in its advertising, and federal law supersedes state statutes that would block the use of […]
The deadline for comments on banking regulators’ proposed changes to the “enhanced supplementary leverage ratio” (eSLR) standards for U.S. top-tier bank holding companies (BHCs) and subsidiaries has been extended to June 25, the Federal Reserve […]
A confirmation vote for the leader of a federal financial institution regulator, a vote on “regulatory relief” legislation that will send it to the president to sign, and a report on first-quarter bank earnings highlight […]
The “payday lending rule” issued by the Bureau of Consumer Financial Protection (BCFP, formerly known as the CFPB) last year stands in place for now, as a deadline passed this week for Congress to take […]
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