NCUA
Federal financial regulation
NCUA
Report: NCUA renegotiating lawyer fees for corporate recoveries
NCUA’s payments to law firms in fees totaling more than $1 billion “is raising alarms among House GOP members” out of concern that the agency is overpaying for recovery agreements reached with Wall Street banks […]
OCC
OCC (and others) to seek comment on revising ‘Volcker Rule’
Public input on revising “the Volcker Rule” – which bans banks from conducting certain investment activities with their own accounts, and limits their relationships with hedge and private equity funds — is being sought by […]
CFPB
Bureau issues warning about ‘pay-by-phone’ fees
Concerned about financial services and other companies that are “tricking consumers” into paying expensive fees for remitting by phone, the CFPB issued a warning today about charging the fees. The bureau also issued guidance that […]
The Fed
Fed vice chair outlines factors for continued low interest rates
Slower trend economic growth, an aging population and demographic developments, and relatively weak investment are three key factors keeping interest rates low, Federal Reserve Board Vice Chairman Stanley Fischer said today. Addressing a conference in […]
OCC
OCC won’t seek stay for ‘arbitration rule’ as Congress pursues repeal
A stay of the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will not be sought by the comptroller of the currency, given that Congress is considering use of the “Congressional Review Act” to […]
OCC
Curry to step down as comptroller; Washington banking attorney Noreika named interim
Keith Noreika, a Washington attorney, will serve as interim Comptroller of the Currency after Thomas J. Curry steps down Friday (May 5), it was reported today. Noreika is a partner with the firm Simpson Thacher […]
CFPB
Proposal would clarify HMDA data collection, report
A proposal clarifying the information financial institutions are required to collect and report about their mortgage lending – helping them, in turn, comply with Home Mortgage Disclosure Act (HMDA) rules – was issued today by […]
Other
Trump calls for streamlining – or ‘elimination,’ but ‘keeping some’ – of Dodd-Frank
Major streamlining – and perhaps outright elimination – of the Dodd-Frank regulatory reform legislation is under consideration by the Trump administration, the president said in a meeting Tuesday with leaders of various companies, and top […]
The Fed
Tarullo: ‘Tragic if lessons of financial crisis forgotten so quickly’
Calling it “tragic” if the lessons of the financial crisis were forgotten so quickly, outgoing Federal Reserve Board Gov. Daniel K. Tarullo Tuesday said it is crucial that a strong capital regime for financial institutions […]