Two former employees of Regions Bank, Birmingham, Ala., have been barred from future participation in the affairs of any federally insured financial institution over improper practices regarding credit origination, the Federal Reserve Board said Tuesday. […]
A proposal to lower the leverage capital for large, systemically important banks doesn’t seem like a “prudent step,” the outgoing chairman of the federal deposit insurance agency said Tuesday. In response to reporters’ questions following […]
A request for information (RFI) regarding the “supervision program” of the Bureau of Consumer Financial Protection (BCFP) drew a total of 46 comments as of Monday, the public comment deadline, according to Regulations.gov. This RFI […]
Three bills (out of five total) affecting federal financial institution regulation were in the process of being marked up Tuesday in the House Financial Services Committee; however, other business in the House (including roll call […]
As of today, there is one month remaining in the tenure of the acting director of the federal consumer financial protection agency as its leader, unless President Donald Trump makes a nomination by June 22. […]
Soon after the president signed a congressional resolution to overturn the bureau’s 2013 guidance for indirect auto lenders, the Bureau of Consumer Financial Protection (BCFP) issued a release Monday not only lauding that action but […]
Legislation removing 2013 guidance issued by the federal consumer financial protection agency – which was later deemed a “rule” by a congressional watchdog agency – was signed into law Monday by President Donald Trump in […]
The Bureau of Consumer Financial Protection (BCFP) issued a clarification on the use for its records systems and modified the list of routine uses of records maintained in each system in a notice published Monday […]
“Bank” as a verb to generally refer to provision of financial services is permissible for a credit union to use in its advertising, and federal law supersedes state statutes that would block the use of […]
The deadline for comments on banking regulators’ proposed changes to the “enhanced supplementary leverage ratio” (eSLR) standards for U.S. top-tier bank holding companies (BHCs) and subsidiaries has been extended to June 25, the Federal Reserve […]
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