The Federal Reserve Board on Thursday announced it has terminated an enforcement action involving Porter Bancorp, Inc., in Louisville, Ky. This bank holding company entered into an agreement in 2011 with the St. Louis Federal […]
The Federal Deposit Insurance Corp. (FDIC) has announced the termination of five bank receiverships now that all obligations of the closed institutions have been disposed of. Four of the terminated receiverships are for Community First […]
The statute creating the Consumer Financial Protection Bureau (CFPB) protects it from presidential will, an attorney for the claimant to the top position at the agency told a federal appeals court Wednesday. However, an attorney […]
The Federal Reserve Board (Fed) is inviting applications to membership in its Consumer Advisory Council (CAC), which provides the Fed feedback and perspectives on policy and emerging issues that affect consumers and communities. The group […]
Limiting the frequency of “stress tests” that measure the ability of banks to withstand economic challenges, and restraining the scope of regulation over non-bank banks, were the focus of two bills passed by the House […]
Further tailoring of leverage ratio requirements to the business activities and risk profiles of the largest domestic firms were proposed by the regulator of national banks and the nation’s central bank Wednesday. Now, firms that […]
The acting director of the Consumer Financial Protection Bureau (CFPB) — who also serves as the White House budget director — told a House panel Wednesday he would have to leave the consumer agency post […]
A bill giving the Federal Reserve Board sole rulemaking authority over the so-called “Volcker rule,” exempting most “community banks” from the provision, was adopted by the House Friday on a vote of 300-104. The Volcker […]
Overdraft rules are not on the spring rulemaking agenda of the Consumer Financial Protection Bureau (CFPB), the bureau’s acting director, Mick Mulvaney, told lawmakers during Q&A in a House Financial Services Committee hearing Wednesday. Mulvaney, […]
Significant changes to the structure and mission of the federal consumer financial protection agency recommended by the agency’s acting director in House testimony Wednesday are his and not those of the White House or any […]
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