Although it was abolished by an act of Congress nearly six years ago, the regulations of the Office of Thrift Supervision (OTS) – the federal agency that once supervised federally insured savings and loans and […]
Extensions to Nov. 30 of comment periods on proposals to enhance effectiveness of boards of directors at banks and new rating system for large firms were announced by the Federal Reserve last week. The comment periods […]
A proposed 2018 budget of $320.9 million for the National Credit Union Administration (NCUA) will be the main topic of a public briefing set for Oct. 18 at the agency’s headquarters in Alexandria, Va. In […]
A conference call for bankers on a proposal to simplify capital rules, particularly as they apply to “high volatility commercial real estate” (HVCRE) loans, will be held on Thursday (Oct. 12) by the Federal Deposit […]
A markup of legislation featuring at least 23 separate items affecting federal regulation of financial institutions will be held by the House Financial Services Committee on Wednesday (Oct. 11). Among the provisions to be considered […]
Repeating assertions that the pending “arbitration rule” by the Consumer Financial Protection Bureau (CFPB) will raise the cost of credit, the acting Comptroller of the Currency in a speech Thursday also took aim at random […]
The principle that lenders must actually evaluate the borrower’s chances of success before making a loan is just plain common sense, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray told the press Thursday in conference […]
Guidance to national banks issued four years ago about “Deposit Advance Products” – including payday and other small-dollar, short-term loans – was rescinded Thursday by the Office of the Comptroller of the Currency (OCC), in […]
A final rule requiring payday lenders and others to determine upfront whether consumers can repay their loans was issued Thursday by the Consumer Financial Protection Bureau (CFPB), covering payday loans, auto title loans, deposit advance […]
Legislation which clarifies that a person with state banking regulatory experience must be a member of the Federal Deposit Insurance Corp. (FDIC) Board has been introduced in the Senate; a similar measure has been unveiled […]
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