Top headlines in today’s news …
Global stablecoin networks – like the proposed “Libra” digital currency — should be expected to meet a high threshold of legal and regulatory safeguards before launching operations – especially given the chances of possible illicit […]
A proposed interagency policy statement in response to the impending, new “current expected credit losses” (CECL) accounting standard and addressing allowance for credit losses (ACLs) at financial institutions was issued by the federal banking agencies […]
The agency charged with consumer financial protection handled approximately 20,600 complaints related to private or federal student loans from Sept. 1, 2017, through Aug. 31, 2019, according to the first student loan ombudsman annual report […]
There is plenty coming up in the week ahead among the federal financial institution regulators – after everyone goes back to work after Monday’s federal Columbus Day holiday. Here’s a rundown (all times are ET): […]
Citibank’s repeated violations of the statutory holding period for other real estate owned (OREO) resulted in a civil money penalty assessment of $30 million against the bank, imposed through a consent order with the Office […]
A taskforce to examine ways to harmonize and modernize federal consumer financial laws is being established by the federal consumer financial protection agency, with the intent, the agency said Friday, of strengthening and improving consumer […]
Final rules on prudential standards and resolution plan requirements for large domestic and foreign banking organizations were approved on a split vote by the Federal Reserve Board Thursday; a third rule on assessments was also […]
Final revisions to the “Volcker rule” – which prohibits banking entities from engaging in proprietary trading or investing — were announced Tuesday by the three federal banking agencies and the two federal agencies that regulate […]
Public meetings of the academic research, consumer, community bank, and credit union panels formed to advise the federal agency charged with consumer financial protection are slated about two weeks from now and will focus, among […]
Calling one of his predecessors “responsible more than any other person” for an independent and non-politically pressured central bank, today’s chairman of the Federal Reserve referred to that predecessor’s view Monday in underscoring the Fed’s […]
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