Top headlines in today’s news …
The Federal Reserve Tuesday became the fourth – and final – federal financial institution regulator to sign on to new flood insurance reform provisions, the agency announced in release. The provisions had previously been approved […]
The coming week includes a mix of regulatory agency proceedings, congressional hearings and public remarks addressing federal financial institution regulators and their policies. First up here is the winding down of the public comment period […]
Count the regulator of national banks as a fan of the consumer financial protection agency’s proposed revisions to its rules covering small-dollar “payday” lending, according to a release issued Monday. Comptroller of the Currency Joseph […]
Documents related to settlements at the federal consumer financial protection agency that did not require companies to provide redress to harmed consumers are being sought by two key lawmakers, according to a letter they sent […]
Proposed rulemakings to eliminate the ability-to-repay provisions of the consumer bureau’s payday lending rule and delay the implementation of those measures by 15 months – to Nov. 19, 2020 – were released Wednesday for 90-day […]
Marijuana business banking will be the subject of a subcommittee hearing set for next week, the House Financial Services Committee announced Wednesday. The hearing, before the Consumer Protection and Financial Institutions subcommittee, is titled “Challenges […]
Scenarios that banks, holding companies and supervisors will use for the 2019 comprehensive capital analysis and review (CCAR) and Dodd-Frank Act stress-test exercises were released Tuesday by the Federal Reserve Board and Office of the […]
The federal consumer financial protection agency said Tuesday it has slapped a civil money penalty (CMP) of $100,000 against a payday lender with operations in at least seven states, mostly in the southeast U.S., for […]
Monday evening’s meeting between the chairman of the Federal Reserve Board and the president of the United States publicly (at least) resulted in a common theme: The leader of the central bank’s board citing independence […]
A much-anticipated revision of rules slated to take effect in August regulating payday lending is another victim of the recent partial government shutdown, according to a report Sunday. The New York Post reported that the delay […]
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