Sustaining the progress that the economy has achieved since the financial crisis will require continued monitoring of newly emerging threats to financial and economic stability, and decisive responses, Federal Reserve Board Chairman Janet L. Yellen […]
While community banks have good reason to be optimistic about future opportunity (especially with the prospects of “regulatory relief” at both the regulatory and legislative levels), there are a number of risks that should be […]
Comment periods on proposals for enhancing the effectiveness of boards of directors, and installing a new ratings system for large financial institutions, have been extended by the Federal Reserve Board to Feb. 15. The comment […]
A budget of $321 million for 2018 – up less than 1% from the previous year – was approved by the National Credit Union Administration (NCUA) Board Thursday, reflecting what the agency calls “significant steps […]
Risks to financial stability by nonbank financial companies should be evaluated through a process that starts with reviewing the activities and products of individual organizations, the Treasury recommends to President Donald Trump. In a report […]
Reports are circulating in Washington that Office of Management and Budget (OMB) Director Mick Mulvaney will be tapped by the White House to lead the Consumer Financial Protection Bureau (CFPB) on an interim basis. Mulvaney […]
Joseph Otting was confirmed by the Senate for a five-year term as Comptroller of the Currency Thursday, on a vote of 54-43. Otting, 58, replaces Acting Comptroller Keith Noreika, who was named to that role […]
The CFPB today will finally publish its final rule on payday and vehicle title loans — released in Oct. 5 – with an effective day in mid-January (60-days after publication in the Federal Register). As […]
Small business resources and research pertinent to community banks is the topic for a Dec. 12 teleconference scheduled by the Federal Deposit Insurance Corp. (FDIC) from 2-3:30 p.m. ET. The teleconference will feature FDIC products […]
Allowable charges will remain unchanged at $12 under the Fair Credit Reporting Act (FCRA), according to a notice set to published Thursday in the Federal Register by the Consumer Financial Protection Bureau (CFPB). The rate […]
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