Top headlines in today’s news …
Issuing its fourth “request for information” in as many weeks for “evidence” of how it is doing its job, the federal consumer protection bureau signaled that up to eight more RFIs will be issued in […]
Saying that the Federal Reserve will remain alert to any developing risks to financial stability, the agency’s new board chairman said Tuesday that the central bank would preserve regulatory changes made in the wake of […]
A pledge to commit to fulfill its statutory responsibilities, but to “go no further,” was made by the Consumer Financial Protection Bureau (CFPB) Monday in its five-year strategic plan, released after the White House proposed […]
Noting that it is committed to “rolling back the regulatory excesses” of financial institution rule reform adopted in the wake of the Great Recession, the Trump Administration’s 2019 proposed budget recommends subjecting funding for two […]
Kirsten Sutton Mork is the next chief of staff for the Consumer Financial Protection Bureau (CFPB), the agency stated in a press release Tuesday, filling a role that was most recently held by the bureau […]
Cybersecurity vigilance, passage of financial regulatory reform legislation and increasing the debt limit of the U.S. government were all key points of testimony by the Treasury secretary before a House committee Tuesday. Steven Mnuchin, providing […]
Replacing Janet Yellen as chairman of the Federal Reserve Board, Jerome H. “Jay” Powell was sworn in Monday at the helm of the nation’s central bank and banking regulator. Seven hours later, the Dow Jones […]
Wells Fargo Bank was slapped with sanctions, including limits on its growth and removal of some of its board members by April, the Federal Reserve said Friday. The regulator said the sanctions on the firm’s […]
Scenarios that 38 financial firms and their supervisors will use this year for conducting comprehensive capital analysis and review (CCAR) and stress-test exercises were released Thursday by the Federal Reserve. The Fed also said all […]
“Administrative adjudications” are the subject of the second “request for information” (RFI) issued by the federal consumer protection agency in its own search of “evidence” of whether or not it is accomplishing its mission. The […]
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