Top headlines in today’s news …
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 […]
Risks to financial stability by nonbank financial companies should be evaluated through a process that starts with reviewing the activities and products of individual organizations, the Treasury recommends to President Donald Trump. In a report […]
Saying he will step down before the end of the month, and without revealing future plans, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray Wednesday shared with agency staff that his tenure is ending. Separately […]
Federal Deposit Insurance Corp. (FDIC) Chairman Martin Gruenberg said he intends to remain in his post until his successor is confirmed by the Senate, he told a Washington group Tuesday. Speaking at the Brookings Institution, […]
Thirty-two items under five sections are outlined under Senate financial institution regulatory relief, as sponsored Monday by eight Republicans, eight Democrats and one independent. A key portion of the regulatory relief package: Section 401, which […]
A 1.4% average price increase for Federal Reserve priced services in 2018 will result in estimated net income of $5.2 million, on total budgeted income of $441.7 million, the Fed said Monday. The new fee […]
A California state government group has issued a report calling for a multi-state consortium to advocate for removal of federal legal and regulatory roadblocks to financial institutions offering banking services to the marijuana industry. Additionally, […]
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