A complaint against a debt-relief firm, debt-settlement firm, and the owner of both was filed Thursday by the Consumer Financial Protection Bureau (CFPB), which alleges one of the firms and the owner charged illegal advance […]
The consumer financial protection agency will take comments until Feb. 4 on its advance notice of proposed rulemaking (ANPR) on consumer access to financial records, according to a notice published Friday in the Federal Register. […]
Federal regulators on Friday issued a statement urging banks to begin working “without delay” to transition away from LIBOR (the London Interbank Offered Rate) as a reference rate in their loan contracts. “A bank may […]
A revised “Director’s Book: Role of Directors for National Banks and Savings Associations” and a newly published “Director’s Reference Guide to Board Reports and Information” were announced Thursday by the Office of the Comptroller of […]
A “no action letter” (NAL) giving Bank of America supervisory cover for its planned approach to small-dollar lending was granted Thursday, according to a release by the consumer financial protection agency. The Consumer Financial Protection […]
Deceptive acts or practices in taking deposits from and offering credit to consumers – allegedly at interest rates nearing 1000% – has earned a Florida company and its chief executive a lawsuit by the federal […]
Sheila C. Bair, the former chairman of the Federal Deposit Insurance Corp. (FDIC) during the 2008 financial crisis, will be the next board chair for mortgage behemoth Fannie Mae as of Nov. 20, the company […]
Public comments on a proposed rule codifying a 2018 statement on the role of supervisory guidance – binding regulators to that guidance and stating that such guidance does not have the force and effect of […]
Risks facing national banks in the last quarter of 2020 (and going into 2021) will be outlined Nov. 9 by the federal regulator of the institutions in a press conference, the agency said Wednesday. In […]
A webinar on financial literacy and consumer financial protections for servicemembers will be co-hosted Nov. 18 by the Consumer Financial Protection Bureau (CFPB) and the National Credit Union Administration (NCUA), the credit union regulatory agency […]
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