Policy and framework for determining the effect of evidence of discriminatory or other illegal credit practices on a bank’s Community Reinvestment Act (CRA) rating has been made public by the regulator of national banks. In […]
Two top federal financial institution regulators are squaring off over the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) which take effects early next year, with both questioning the data used by the other […]
The National Credit Union Administration (NCUA) Board holds a public briefing on its 2018-19 budget, and – the following day – a regular board meeting to consider two final rules, and proposing an additional rule. […]
About 27% of households — 90 million Americans — are unbanked or underbanked, with more than two in five of those (42%) earning less than $30,000 a year, the chairman of the Federal Deposit Insurance […]
An updated list of permissible activities for national banks and savings associations – spread over 100 pages and grouped into seven general areas (with exemptions noted in another section) – was released Friday by the […]
Faster payments in the United States, realized through a government framework, will be the focus of a 27-member team made up of government, academic and financial industry representatives announced Friday by the Federal Reserve as […]
Oversight of supervision risk management at the Office of the Comptroller of the Currency (OCC) — charged with identifying primary and emerging areas of risk to the federal banking system — will be headed by […]
Two final rules, one dealing with appeals procedures and the other on the agency’s supervisory review committee, will be considered by the National Credit Union Administration Board at its open meeting Thursday (Oct. 19) in Alexandria, […]
Two debt relief companies that allegedly claimed falsely that they are affiliated with the federal government were sued Thursday by the Consumer Financial Protection Bureau (CFPB). The bureau also alleged that the companies falsely promised […]
Friday is Stanley Fischer’s last day as vice chairman of the Federal Reserve Board, leaving open three of the seven seats on the central bank’s governing body. A fourth open seat was filled last week […]
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