Top headlines in today’s news …
The Supreme Court’s announcement Friday that it will consider a case challenging the constitutionality of the federal consumer financial protection agency was greeted with praise from financial industry trade groups, who called for a commission, […]
Consistency of ratings assigned under the examination ratings system, as well as how regulators use the ratings generated from those exams in enforcement actions and bank applications, is the subject of a call for comment […]
A final rule on non-member shares and a rulemaking on credit union membership are on the agency for next week’s meeting of the board for the federal credit union regulator, according to the agenda for […]
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 […]
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