Top headlines in today’s news …
Alleging redlining, three federal agencies took action against a Jackson, Miss., bank – with operations in Memphis, Tenn. – and announced Friday a settlement requiring the financial institution to pay a $5 million penalty and […]
Orders seeking business practice data from large technology companies that operate payments systems in the U.S. – among them Facebook, Amazon, Apple – were issued Thursday by the Consumer Financial Protection Bureau (CFPB), the bureau […]
New restrictions on investments and active trading by Federal Reserve Bank and Fed Board policymakers and senior staff, along with new requirements for public disclosure, were announced Thursday by the Federal Reserve Board. The Fed […]
Slowing the use of U.S. dollar LIBOR – a reference rate for derivative contracts and some loan interest rates – should begin now to foster a smooth, complete end to the rate’s overall use, a […]
Rohit Chopra became the fifth director of the federal consumer financial protection agency Tuesday, saying he would work to ensure the financial marketplace meets the needs of all families, workers, and communities. In a letter addressed […]
Supervisory guidance for large banking institutions from the Federal Reserve in measuring, monitoring and managing climate-related risks is anticipated from at least one of the agency’s board governors, she told a group Thursday. In remarks […]
Third-quarter call reports that include new data items for sweep deposits at banks with both domestic and foreign offices were distributed by the three federal banking agencies Monday. According to a financial institution letter (FIL-68-2021) […]
Technology firms that will make up six teams were selected to participate in a “tech sprint” designed to explore new technologies and techniques to determine how well community banks, and all banks, can withstand a […]
A set of “frequently asked questions” (FAQs) that discuss limited-content messages and the call frequency provisions under debt collection rules was published Friday by the federal consumer financial protection agency. The FAQs, according to the […]
The Senate on Thursday confirmed Rohit Chopra to a five-year term as director of the Consumer Financial Protection Bureau (CFPB) on a straight, party-line vote of 50-48. Chopra, nominated to the bureau post in February […]
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