Top headlines in today’s news …
A proposed rule to allow some federally insured credit unions (FICUs) to count subordinated debt as capital for risk-based net worth purposes will be considered by the board of the federal credit union regulator at […]
The chair of the Federal Reserve and the president of the United States rekindled their sometimes-fraught relationship in November with a 30-minute meeting, ending a six-month apparent moratorium on direct engagements between the two. According […]
A high percentage of employees of the Consumer Financial Protection Bureau (CFPB) responding to the agency’s latest employee survey said they like the kind of work they do and that their work is important, but […]
A decrease of $7.6 billion in net income – about 12% – was recorded by the Federal Reserve in 2019 from the previous year, the agency said Friday, which the central bank attributed mostly to […]
A no-action letter (NAL) issued Friday to Bank of America (BofA) by the federal consumer financial protection agency provides there will be no supervisory findings or enforcements issued regarding the bank’s funding arrangements with housing […]
Two federal financial regulators were ranked in the upper echelons of “best places to work” in the latest rankings released Thursday – while a third continued to languish in the lowest level. The Federal Deposit […]
Four members have been named to a new taskforce that will examine the existing legal and regulatory environment facing consumers and financial services providers and report findings to the director of the Consumer Financial Protection […]
Several firms and individuals involved in offering student loan debt-relief services were sued Thursday by the Consumer Financial Protection Bureau (CFPB), which claims the parties illegally obtained consumer reports, charged at least $15 million in […]
The Federal Reserve Board is standing firm in its goal of ensuring any reform of rules governing banks’ Community Reinvestment Act (CRA) requirements remains true to the statute, and it’s banking on input from the […]
Anti-money laundering (AML) and Bank Secrecy Act (BSA) compliance, consumer financial protection and cybersecurity are at the top of the list for the supervisory priorities of the federal credit union regulator in 2020, the agency […]
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