End-of-year credit card borrowing and repayment of credit card balances in the new year is the focus of the bureau’s latest quarterly consumer credit trends report, released Friday by the federal consumer financial protection agency. […]
Officials from the Office of the Comptroller of the Currency (OCC) will be available to those interested in discussing fintech, new products and services, partnering with banks or fintechs and more during “Innovation Office Hours” […]
Comptroller of the Currency Joseph P. Otting will testify before lawmakers June 13 and 14, respectively, during House Financial Services and Senate Banking committee hearings on his agency’s regulatory activities affecting federally chartered banks and […]
The president’s nominations of Richard Clarida and Michelle (“Miki”) Bowman to the Federal Reserve Board are headed for Senate Banking Committee action Tuesday. If approved by the committee, their nominations would proceed to the Senate […]
The Office of the Comptroller of the Currency (OCC) on Wednesday released its schedule of bank examinations under the anti-redlining Community Reinvestment Act (CRA) for the third and fourth quarters of 2018. The first are […]
The nation’s federal bank deposit insurer doled out two “outstanding,” two “needs improvement” and 74 “satisfactory” ratings this March in its examinations of banks for Community Reinvestment Act (CRA) compliance, the agency said in releasing […]
Changing its governance to a commission rather than a single director, and giving Congress control over its budget, were two recommendations business and banking groups had for increasing the transparency and accountability of the federal […]
Federally insured credit unions expanded their loans by $87 billion in the one-year period ending March 31, the federal regulator of credit unions said in releasing quarterly results Wednesday. The National Credit Union Administration (NCUA) […]
The consumer, bank and credit union advisory panels that provide industry input and advice to the federal consumer financial protection agency will be reconstituted to “new, smaller memberships,” the agency said Wednesday in a blog […]
A final rule conforming banking rules with a securities industry move last year to a two-day standard settlement cycle for securities transactions goes into effect Oct. 1. The rule is slated for publication Thursday in […]
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