Top headlines in today’s news …
Randal K. Quarles – the first and so far only vice chair of the Federal Reserve Board for supervision – announced his retirement from the agency board Monday, effective in late December. In a letter […]
The Consumer Financial Protection Bureau’s (CFPB) inquiry into the business practices of six large technology firms operating payments systems in the United States will be open for public comment until Dec. 6, according to a […]
Payment stablecoins and their arrangements should be subject to a federal framework on a consistent and comprehensive basis through an act of Congress – including by requiring that stablecoins may only be issued by federally […]
Stimulating greater competition in consumer financial markets, sharpening focus on repeat offenders, and restoring “relationship banking” are the “path forward” for the federal consumer financial protection agency, its director told a House committee Wednesday. Appearing […]
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 […]
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