Top headlines in today’s news …
The hiring freeze imposed by President Donald Trump Monday on federal agencies is short on several details, but one thing is clear: on its face, it is meant to apply to all executive departments and […]
A freeze on new regulation that could affect a number of pending rules recently issued by federal financial institution regulators was signed by President Donald Trump Friday evening. The freeze requires that new rules that […]
Proposals on “alternative capital” and adjustments for inflation to civil money penalties were issued for comment by the NCUA Board at its Thursday meeting, in a short but significant session. In issuing an “Advanced Notice […]
A lawsuit against the nation’s largest servicer of federal and private student loans – charging the group “systematically and illegally” failed borrowers at every stage of repayment – has been filed by the CFPB, seeking […]
“Production incentives” are the topic of a compliance bulletin published today by the CFPB, which highlights examples where incentives “contributed to substantial consumer harm” and which describes compliance management steps CFPB-supervised entities should take to […]
Cybersecurity and Bank Secrecy Act compliance are at the top of the list of priorities for NCUA in its supervisory agenda for the New Year, according to a “Letter to Credit Unions” (LTCU 17-CU-01) issued […]
More than one in four consumers contacted by debt collectors feel threatened – and three in four of consumers report that debt collectors do not honor their request that collectors leave them alone, according to […]
Donald Trump, “promptly after his inauguration” as president, should fire CFPB Director Richard Cordray, two senators have written to the vice president-elect, despite an on-going legal battle over whether the director may be fired before […]
(Updated Jan. 10) The Trump transition team has listed individuals in 39 positions on “agency landing teams” for seven federal financial institution regulatory agencies, according to a list updated as of Jan. 9. Agencies listed […]
National banks continue to ease underwriting practices – raising their risk — to address competition from other bank and non-bank lenders, while also facing concerns about operational risk (due to cybersecurity threats, and others) and […]
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