Holding out the possibility of a future rulemaking, the consumer financial protection agency on Friday announced what it described as a “common-sense” framework on how it plans to apply the Dodd-Frank Wall Street Reform and […]
Proposed revisions to regulations enforcing anti-redlining laws will be the focus of an oversight hearing next week by a House committee and featuring the top regulator of national banks, according to a memo released by […]
A series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Puerto Rico affected by earthquakes were issued as guidance Friday by the federal insurer of bank deposits. […]
A policy statement explaining a new category being created for regulatory guidance materials – “compliance aids” – was approved by the director of the agency charged with consumer financial protection Jan. 10 and is set […]
An updated compliance guide to home mortgage disclosure rules – aimed at small entities – was released Friday by the federal consumer financial protection agency, which includes changes made to the rules last fall. The Consumer […]
Additional revisions to the Volcker Rule – which generally prohibits banking entities from engaging in proprietary trading or investing – will be considered as proposed rules in separate meetings next week by the boards of […]
A new executive director – the highest staff position – for the federal credit union regulator was named Thursday following the announcement of the retirement of the current incumbent in the position. The agency also […]
The former chief executive officer of Wells Fargo Bank, N.A. (Sioux Falls, S.D.) and seven others will have to pay a combined $58.5 million in civil money penalties under charges and orders citing their failure […]
Continuing a rate cap in place since 1987, the federal credit union (FCU) regulator on Thursday approved continuing the 18% loan interest-rate ceiling in effect for loans made by federal credit union loans for another […]
A criminal fine, restitution and jail time were ordered for a Minnesota real estate company, its owner, and its accountant for their part in a long-running fraudulent bidding and kickback scheme in connection with foreclosed […]
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