A former aide to a Tennessee senator will be the U.S. Treasury Department’s top liaison to the federal financial institution regulators, the Treasury secretary said Wednesday. Luke Pettit was named assistant secretary for financial institutions, […]
An executive order issued last week by President Donald J. Trump (R) requires executive departments and agencies to identify at least 10 existing rules to be repealed for every new one they propose, though it […]
Actively reevaluating its supervisory approach to crypto-related activities is being pursued by the federal insurer of bank deposits, with an aim of providing a “pathway for institutions to engage in crypto- and blockchain-related activities” under […]
Six banks earned the highest ratings of “outstanding” for their compliance with anti-redlining rules in November and January, two federal banking agencies said Monday and Tuesday. According to the Office of the Comptroller of the […]
In 24 words, the new acting director of the federal consumer financial protection agency Monday outlined his approach to leading the agency on a part-time basis – as he also remained secretary of the Treasury. […]
A Utah bank was ordered to pay a $650,000 civil money penalty (CMP) in December for engaging in “deceptive acts and unfair practices,” the federal bank deposit insurer said Friday. According to the Federal Deposit […]
A former Michigan credit union worker – convicted last fall of embezzlement and forgery – has been served with a notice of prohibition by the federal regulator, the agency said Friday. It was the only […]
A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint […]
Military borrowers typically have larger loans, make smaller down payments, and ultimately shoulder higher monthly costs in the car-lending market, the federal consumer financial protection agency said Wednesday. In a report, the Consumer Financial Protection […]
An updated list identifying dozens of specialty consumer reporting companies as well as the three nationwide firms – Equifax, TransUnion, and Experian – was released Thursday by the Consumer Financial Protection Bureau (CFPB), along with […]
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