Top headlines in today’s news …
More time will be allowed to comply with a small business lending rule issued last year by the consumer financial protection agency, it said Friday, “in light of court orders in ongoing litigation.” The Consumer […]
The funding mechanism of the federal consumer financial protection agency is neither novel nor unusual, but an “essential part of the nation’s financial regulatory system,” the director of the agency said in a statement Thursday […]
The proposed acquisition of Discover Financial Services by a large, Virginia-based banking firm will be considered during a public hearing in about two months, the banks’ federal regulators said late Tuesday. The public comment period […]
Todd Harper, the chairman of the federal agency that regulates credit unions, told staff Monday that he will be taking time off to undergo and recover from back surgery, the agency said in a release. […]
A failure to provide a workplace safe from sexual harassment, discrimination, and other interpersonal misconduct went on “for far too many employees and for far too long,” according to a report issued Tuesday by a […]
A 60-day request for public comments was issued Friday on a proposal to have the Federal Reserve Banks’ two large-value payment services, the Fedwire Funds Service and the National Settlement Service (NSS), operate seven days […]
Managing risks presented to community banks by third-party relationships – especially about development and implementation of management practices – is the aim of a guide issued jointly Friday by the federal banking agencies. The guide, “Third-Party […]
Neither of two competing proposals for changes to the federal bank deposit insurer’s rules implementing the Bank Control Act (BCA) were adopted Thursday by the agency’s board after sponsors of the two proposals withdrew them, […]
Another individual associated with a troubled lending program at a Southfield, Mich., bank has been ordered to pay a $400,000 civil money penalty (CMP), the national bank regulator said Thursday. The Office of the Comptroller […]
Financial and privacy risks are growing through video gaming marketplaces in banking options and payments, the federal consumer financial protection agency said Thursday, warning that it will now be monitoring those spheres. In a report […]
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