Public input on revising “the Volcker Rule” – which bans banks from conducting certain investment activities with their own accounts, and limits their relationships with hedge and private equity funds — is being sought by […]
Concerned about financial services and other companies that are “tricking consumers” into paying expensive fees for remitting by phone, the CFPB issued a warning today about charging the fees. The bureau also issued guidance that […]
Slower trend economic growth, an aging population and demographic developments, and relatively weak investment are three key factors keeping interest rates low, Federal Reserve Board Vice Chairman Stanley Fischer said today. Addressing a conference in […]
A stay of the “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will not be sought by the comptroller of the currency, given that Congress is considering use of the “Congressional Review Act” to […]
Keith Noreika, a Washington attorney, will serve as interim Comptroller of the Currency after Thomas J. Curry steps down Friday (May 5), it was reported today. Noreika is a partner with the firm Simpson Thacher […]
A proposal clarifying the information financial institutions are required to collect and report about their mortgage lending – helping them, in turn, comply with Home Mortgage Disclosure Act (HMDA) rules – was issued today by […]
Major streamlining – and perhaps outright elimination – of the Dodd-Frank regulatory reform legislation is under consideration by the Trump administration, the president said in a meeting Tuesday with leaders of various companies, and top […]
Calling it “tragic” if the lessons of the financial crisis were forgotten so quickly, outgoing Federal Reserve Board Gov. Daniel K. Tarullo Tuesday said it is crucial that a strong capital regime for financial institutions […]
Maintaining the security of confidential information from Federal Open Market Committee (FOMC) meetings is something the Federal Reserve is “committed” to, the central bank stated today in the wake of revelations of compromise of meeting […]
The structure of the Federal Reserve should not be changed lightly, as it achieves a practical balance that serves the country well, board Gov. Jerome H. Powell said in a policy speech Tuesday. “Throughout our […]
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