Top headlines in today’s news …
A House-Senate conference panel has reached agreement on fiscal 2019 defense authorization that excludes a House-passed provision requiring the Department of Defense (DoD) to allow banks to operate on military installations rent-free — but also […]
Bills to amend the definition of mortgage lending fees, allow the sharing of service company examination information with states, and protect financial technology and digital currencies were marked up and approved Tuesday by the House […]
Federal Reserve Board Vice Chairman for Supervision Randal K. Quarles was sworn in to a 14-year term as a member of the board Monday. The oath of office was administered by Fed Chairman Jerome (“Jay”) […]
One week after the “comments due” date had passed on the final of 12 requests for information (RFIs) from the federal consumer financial protection agency, the total of 88,564 letters received overwhelmingly focuses on three […]
A Minnesota banking company has agreed to pay $25 million in restitution to customers for “obscured” overdraft fees that they were charged, and has agreed to an injunction to prevent future violations, the federal consumer […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
Kathleen Kraninger, the president’s choice to head the Bureau of Consumer Financial Protection (BCFP), in her brief opening statement and during Q&A, embraced the bureau’s mission but revealed little detail during a Senate Banking Committee […]
Federal Reserve Board Chairman Jerome Powell on Wednesday told lawmakers he currently sees cyber risk as the top threat to the stability of the nation’s financial system. Powell, during a House committee hearing, said regulators […]
A $66 billion Utah-based bank would not be considered “systemically important” to the U.S. financial structure under federal banking rules following the bank’s merger with its parent company, under a proposed decision reached Wednesday by […]
The head of the nation’s central bank testified Tuesday on monetary policy and faced questions from lawmakers over bank stress testing – which the agency chairman said remains an important supervisory tool – and implementation […]
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