Final approval of its 2018-19 budget, as well as a final rule on corporate credit unions and the methodology used for transferring funds from the savings insurance fund to cover expenses related to that fund […]
Consumer experience in access to free credit scores – and the performance of organizations, including companies and non-profits, in offering access to the scores – is the subject of a request for information announced by […]
Dollar thresholds of $55,800 or less that will apply for determining exempt consumer credit and lease transactions in 2018 were announced Wednesday by the Federal Reserve and the Consumer Financial Protection Bureau (CFPB). The thresholds […]
Deceiving consumers, including charging them without settling their debts as promised, are among several charges brought against the nation’s largest debt settlement services provider in a lawsuit brought Wednesday by the Consumer Financial Protection Bureau […]
Evaluating certain types of applications for licenses by banks that have less than satisfactory Community Reinvestment Act (CRA) ratings – or similar ratings in one or more geographic rating areas – is the subject of […]
The recent financial crisis demonstrated that there is “nothing inherently safer about separating banking and commerce or traditional banking and investment banking,” the acting comptroller of the currency said Wednesday in offering “an alternative to the […]
Kristen Donoghue, principal deputy for enforcement for the Consumer Financial Protection Bureau (CFPB) will become the agency’s next enforcement chief, according to press reports. Donoghue would succeed Anthony Alexis in the post, who announced in […]
A California state government group has issued a report calling for a multi-state consortium to advocate for removal of federal legal and regulatory roadblocks to financial institutions offering banking services to the marijuana industry. Additionally, […]
An exemption threshold amount for appraisals on mortgages will increase to loans of $26,000 or less (from $25,500 or less), according to a final rule to be published by two federal banking regulators and the […]
The very effectiveness in setting monetary policy depends on the public’s assured confidence that the Federal Reserve Board acts only in the public interest, the outgoing chairman of the central bank’s board said Tuesday in […]
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