Top headlines in today’s news …
Proposed changes to holding company financial statements filed with the Federal Reserve Board (Fed) are out for a 60-day comment period and are expected to be implemented beginning with reports dated June 30, 2018. The […]
As proposed last July, a timing restriction for mortgage closing disclosures that could prevent a lender from charging otherwise valid closing cost increases was removed today from the federal consumer protection agency’s “Know Before You […]
Proposed revisions to the “Volcker rule” – which prohibits banking firms from engaging in proprietary trading or entering into certain relationships with hedge funds and private-equity funds – will be unveiled by the end of […]
Proposed changes will be unveiled within the next four weeks about revised rules implementing community reinvestment by banks and other financial institutions, the regulator of national banks told a meeting of bankers in Washington Wednesday. […]
A report Tuesday from the Treasury Department points to the elimination or proposed elimination, and reduction, of more than 300 rules since the department commenced work to implement the president’s regulatory reform agenda as detailed in […]
Just when you trained your word processing software to accept the acronym “CFPB” as the short way to refer to the federal consumer financial protection agency, the acting head of the organization changes the letters […]
With the first due date coming this week, at least 200 comment letters have been logged so far in the federal consumer financial protection agency’s quest to elicit “evidence” on how the agency is doing […]
A total of $1 billion in fines plus restitution – with restitution yet to be determined – was ordered to be paid by Wells Fargo Bank, N.A., over abuses and unsafe practices related to its […]
The division among federal banking regulators over last week’s proposed leverage capital rule change for banks was questioned by Senate Democrats during a Senate Banking Committee hearing Thursday with Federal Reserve Board Vice Chairman for […]
A Federal Reserve governor warned regulators Thursday to push large banks to keep their capital buffers intact to avoid trouble during financial downturns, adding that even conditions today are “somewhat stretched.” In remarks to the […]
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