Top headlines in today’s news …
Two financial services bills – one targeting the consumer financial protection agency, the other addressing services to legitimate marijuana businesses – are slated for mark-up next Tuesday by the House Financial Services Committee, panel Chairwoman […]
A civil money penalty (CMP) of $25 million for violating anti-discriminatory requirements of the Fair Housing Act (FHA) was assessed against Citibank, N.A., (Sioux Falls, S.D.) under a consent order executed Tuesday between the bank […]
Twenty-two payments industry leaders and subject matter specialists – from banks, credit unions, payments system vendors, Treasury and others – have been named to the Federal Reserve-sponsored Fraud Definitions Work Group, the latest initiative in […]
A settlement of $335 million with a prominent accounting firm is final, related to professional negligence claims brought against the firm after audits of a failed Alabama bank by its federal insurer. However, not everyone […]
Qualifying swaps may be transferred from a United Kingdom entity to an affiliate in the European Union or the United States without triggering new margin requirements under an interim final rule issued Friday by the […]
The proposed merger of BB&T Corporation (Winston-Salem, N.C.) with SunTrust Banks, Inc. (Atlanta, Ga.) will be discussed publicly April 25 and May 3 during meetings held jointly by the Federal Deposit Insurance Corp. (FDIC) and […]
Senators both supported and criticized proposed guidance about designating nonbank financial firms as “systemically significant” during a hearing Thursday. The hearing by the Senate Banking Committee focused on the Financial Stability Oversight Council (FSOC) and […]
This story has been updated to link to the scheduled March 25 Federal Register notice of final rule. Final credit union loan rule changes that regulators say will reduce regulatory burden, improve clarity and ease […]
Despite saying she has an “open mind” about a proposed rule on payday lending, the director of the federal consumer financial protection agency faced a flurry of questions from Democratic senators in a hearing Tuesday […]
Federal Reserve Board Gov. Lael Brainard on Tuesday reiterated the importance of the Community Reinvesment Act’s (CRA) focus on place and noted ideas offered for CRA rule changes that could include expanded assessment areas once […]
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