Top headlines in today’s news …
A 2013 bulletin about auto lending and compliance with federal credit reporting laws issued by the Consumer Financial Protection Bureau (CFPB) is a general statement of policy and a rule subject the Congressional Review Act (CRA), […]
Risks to stability of the nation’s financial system remain moderate, as the structure is more resilient than it was 10 years ago at the start of the financial crisis; however, new vulnerabilities have emerged, a […]
Jerome H. “Jay” Powell’s nomination to be chairman of the Federal Reserve Board was recommended for confirmation by roll-call vote of the Senate Banking Committee Tuesday, with only Sen. Elizabeth Warren (D-Mass.) casting a “no” […]
Major challenges due to a changing economy, evolving financial services industry, revisions to regulation and emerging consumer protection will have an impact on the insurance, supervision and receiver programs of the Federal Deposit Insurance Corp. […]
Jelena McWilliams, the top lawyer for First Third Bank of Cincinnati, and a former Senate Banking Committee staff member, is the nominee as the next chairman of the Federal Deposit Insurance Corp. (FDIC), the White […]
Private issuers of digital currencies raise concerns about their effect on financial stability, and central banks should “tread cautiously” about issuing their own – for the same concerns – the newest member of the Federal […]
Restitution of approximately $2.8 million was ordered to be paid by a Kansas bank for deceptive residential mortgage practices, the Federal Reserve said Tuesday. The restitution order, levied against Peoples Bank of Lawrence, Kansas, the […]
Saying that the nation’s financial system is far stronger and more resilient than a decade ago, with banks holding “much higher” levels of capital and liquid assets, and more aware of and better able to […]
Banks and savings institutions reported net income of nearly $50 billion in the third quarter of 2017 – up 5.2% ($2.4 billion) from the same period one year ago, and an accompanying increase in average […]
Sustaining the progress that the economy has achieved since the financial crisis will require continued monitoring of newly emerging threats to financial and economic stability, and decisive responses, Federal Reserve Board Chairman Janet L. Yellen […]
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