Complaints by student loan borrowers have driven actions that have produced more than $750 million in relief for student loan borrowers and strengthened the student loan repayment process for millions more, the Consumer Financial Protection […]
A half dozen Democratic senators – including Banking Committee Ranking Member Sherrod Brown (Ohio) – want the acting comptroller of the currency to be investigated for illegally overstaying his term at the helm of the […]
Current issues affecting community banking will be discussed at the Nov. 1 meeting of the Federal Deposit Insurance Corp.’s (FDIC) Advisory Committee on Community Banking. The public session begins at 9 a.m. ET and runs […]
Policy and framework for determining the effect of evidence of discriminatory or other illegal credit practices on a bank’s Community Reinvestment Act (CRA) rating has been made public by the regulator of national banks. In […]
Two top federal financial institution regulators are squaring off over the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) which take effects early next year, with both questioning the data used by the other […]
The National Credit Union Administration (NCUA) Board holds a public briefing on its 2018-19 budget, and – the following day – a regular board meeting to consider two final rules, and proposing an additional rule. […]
About 27% of households — 90 million Americans — are unbanked or underbanked, with more than two in five of those (42%) earning less than $30,000 a year, the chairman of the Federal Deposit Insurance […]
An updated list of permissible activities for national banks and savings associations – spread over 100 pages and grouped into seven general areas (with exemptions noted in another section) – was released Friday by the […]
Faster payments in the United States, realized through a government framework, will be the focus of a 27-member team made up of government, academic and financial industry representatives announced Friday by the Federal Reserve as […]
Oversight of supervision risk management at the Office of the Comptroller of the Currency (OCC) — charged with identifying primary and emerging areas of risk to the federal banking system — will be headed by […]
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