OCC
Otting confirmed for OCC
Joseph Otting was confirmed by the Senate for a five-year term as Comptroller of the Currency Thursday, on a vote of 54-43. Otting, 58, replaces Acting Comptroller Keith Noreika, who was named to that role […]
Federal financial regulation
CFPB
Bureau finally publishes final rule on payday, vehicle title loans
The CFPB today will finally publish its final rule on payday and vehicle title loans — released in Oct. 5 – with an effective day in mid-January (60-days after publication in the Federal Register). As […]
FDIC
Small biz resources, research on tap for Dec. 12 teleconference
Small business resources and research pertinent to community banks is the topic for a Dec. 12 teleconference scheduled by the Federal Deposit Insurance Corp. (FDIC) from 2-3:30 p.m. ET. The teleconference will feature FDIC products […]
CFPB
No changes planned for FCRA allowable charges of $12
Allowable charges will remain unchanged at $12 under the Fair Credit Reporting Act (FCRA), according to a notice set to published Thursday in the Federal Register by the Consumer Financial Protection Bureau (CFPB). The rate […]
Federal financial regulation
Otting takes step closer to head OCC
The confirmation of Joseph Otting to become permanent Comptroller of the Currency took a step closer Wednesday with the Senate voting 54-44 toward a final vote on his nomination. Otting, 58, was nominated by President Donald […]
CFPB
Cordray ending tenure at CFPB; White House to appoint ‘acting’
Saying he will step down before the end of the month, and without revealing future plans, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray Wednesday shared with agency staff that his tenure is ending. Separately […]
FDIC
FDIC chairman will stay on post until successor confirmed
Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg said he intends to remain in his post until his successor is confirmed by the Senate, he told a Washington group Tuesday. Speaking at the Brookings Institution, […]
FDIC
Crisis can arise anew; ‘hard-won’ improvements in regulation must be preserved, FDIC leader says
It would be a mistake to assume a severe downturn or crisis cannot happen again, and “all of us” have a stake in preserving hard-won improvements in the strength and stability of the nation’s banking […]
CFPB
Online testing of overdraft disclosures under development
Online testing of ATM/debit card overdraft disclosures is being developed by the Consumer Financial Protection Bureau (CFPB) to explore consumer understanding – and decision making – in response to overdraft disclosure forms, according to bureau […]
CFPB
Senators reach agreement on reg relief legislative package
Thirty-two items under five sections are outlined under Senate financial institution regulatory relief, as sponsored Monday by eight Republicans, eight Democrats and one independent. A key portion of the regulatory relief package: Section 401, which […]