A 2010 enforcement action with Optimumbank Holdings, Inc., of Fort Lauderdale, Fla., was terminated Sept. 11 by the Federal Reserve Board, the Fed said in a release Thursday. The Fed said Optimumbank Holdings is a […]
Given its discretion to create rules for consumer protection in a new space outside of what Congress allows, the federal consumer financial protection agency should approach that responsibility “judiciously cognizant of unintended consequences,” the director […]
A notice of charges for an order of prohibition and four consent orders for prohibition were issued last month by the Office of the Comptroller of the Currency (OCC), according to a release Thursday by […]
Issues affecting the accuracy of both traditional credit reports and employment and tenant background screening reports will be under discussion at an “accuracy in consumer reporting” workshop set for the second week of December, sponsored […]
The federal regulatory agency charged with insuring bank deposits has shifted its post-examination process for federally insured institutions to its ombudsman office, according to a Financial Institution Letter (FIL) issued Thursday. The survey was previously […]
Federally chartered credit unions will be permitted to provide their members “payday alternative loans” (PALs) of any amount up to $2,000, fully amortized over a term of one to 12 months, under a final rule […]
The Consumer Financial Protection Bureau (CFPB) director’s decision, conveyed to Congress recently, to no longer defend a provision in the Consumer Financial Protection Act limiting the president’s ability to remove the director ”does not mean […]
The independence of the nation’s central bank has served the public well, and the chairman of the bank’s board expects to continue his press conferences following meetings of interest rate policy-setting committees, he said Wednesday. […]
The federal bank deposit insurer’s proposal Tuesday to ease collateral provisions of the interagency swap margin rule drew criticism and a warning from the chair of the House panel with jurisdiction over financial industry laws […]
The consumer complaint database maintained by the Consumer Financial Protection Bureau (CFPB) is slated for enhancements that will include modified disclaimers regarding the published data, more prominence for answers to common financial questions and information […]
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