A U.S. Treasury report on financial technology – “fintech” – should be coming out “shortly,” Secretary Steven Mnuchin told a House panel Thursday. Responding to questions from the House Financial Services Committee during the annual […]
A hearing Thursday by the Senate Banking Committee that included testimony from the Bureau of Consumer Financial Protection (BCFP) and Federal Trade Commission (FTC) evidenced ongoing concerns regarding the security of the data collected by […]
Two enforcement actions – one against a Pakistan bank, the other against a former U.S. bank employee – and the termination of another earlier action against the bank it took the most recent enforcement action […]
An advisory group focusing on community banks’ issues (made up of community bankers) will continue to work with the federal bank deposit insurance agency, according to the agency’s new chairman – a decision cheered by […]
A new task force focused on financial fraud that will include top officials from the Justice Department and the FBI, and which replaces the panel established during the Obama administration, was ordered created today by […]
The Federal Deposit Insurance Corp. (FDIC) is implementing revisions to currently approved interagency forms, based on the recommendations of an interagency working group comprised of representatives from the FDIC, the Board of Governors of the […]
Rules for disclosures about mortgage loans at zero percent interest made by charities such as Habitat for Humanity and others would be rewritten by the federal consumer financial protection agency under legislation approved by the […]
Legislation designed to facilitate liquidity in options markets by calling on federal banking agencies to provide targeted capital relief was approved by the House Tuesday on a 368-19 vote. The Options Markets Stability Act (H.R. 5749), […]
The head of the nation’s central bank is scheduled to appear before the Senate Banking Committee next Tuesday to give his second semiannual report to Congress on monetary policy. Federal Reserve Board Chairman Jerome (“Jay”) […]
Facilitating recovery from late June severe storms and flooding in Texas — which caused significant property damage in some areas of the state and triggered a July 6 federal disaster declaration — is the aim […]
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