Top headlines in today’s news …
Automobile loan originations, credit card account management, debt collection, information furnishing, and mortgage originations that were generally completed between December 2018 and March 2019 are outlined in the latest issue of the federal consumer financial […]
A final “payday alternative loan” rule easing some limitations on the agency’s current program is slated for action during the National Credit Union Administration (NCUA) Board’s open meeting next Thursday. The payday rule proposal, titled […]
The Senate on Thursday approved Michelle (“Miki”) Bowman’s reappointment to the Federal Reserve Board for a full, 14-year term, ensuring her ability to remain on the board through Jan. 31, 2034. Bowman was first nominated […]
A “disruptor” who understands the need for transformative change and the process for developing and using new technologies in financial services is the ideal candidate for the new chief innovation officer (CINO) position at the […]
The Democratic member of the board that leads the federal credit union regulatory agency on Tuesday criticized the agency’s proposed delay of a final risk-based capital rule for credit unions and said the agency needs […]
A final decision on the proposed Community Bank Leverage Ratio (CBLR) and a proposal on swap margin requirements are on the discussion agenda for the board of the Federal Deposit Insurance Corp. (FDIC) when it […]
A revised no-action letter (NAL) policy, announcement of the first NAL issued under the new policy, and final policies on trial disclosures and compliance assistance (proposed initially as a “product sandbox” policy) were issued Tuesday […]
Proposed rules on subordinated debt to be counted as regulatory capital for some credit unions, and another increasing transparency when credit unions acquire assets of banks, will be brought up for consideration before year’s end, […]
For the second month in a row, the chairman of the nation’s central bank and the president of the United States had no apparent contact – interrupting what had been, at least, monthly contact between […]
A proposal to establish capital requirements for certain insurance companies supervised by the Federal Reserve – referred to as the “Building Block Approach (BBA)” – was issued by the central bank Friday, with the caveat that […]
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