Top headlines in today’s news …
An oversight hearing on the federal consumer financial protection bureau – the first under its new director – plus proposed changes to how nonbank firms are determined to pose risks to financial stability and a new rule […]
Older customers who are increasingly becoming victims of exploitation at banks and other such firms are the subjects of “hundreds of thousands” of suspicious activity reports (SARs) being filed by the financial institutions, the federal […]
The “current expected credit loss” (CECL) accounting standard became a focal point of interest during a House hearing Wednesday featuring the chairman of the Federal Reserve Board, as did rules adopted by the central bank […]
Mark those calendars for a March 7 hearing about the federal consumer financial protection agency by the U.S. House committee that has top oversight of the agency, according to a schedule released Monday by the […]
Senate committee votes on two nominations to the board of the federal credit union regulatory agency, the Federal Reserve Board chairman’s monetary policy report to Congress, and speeches by the chairman and vice chairman of […]
Nine recommendations aimed at preventing the federal regulator of national banks from becoming the victim of “regulatory capture” in its supervision of large banks are contained in a report released Monday by the congressional watchdog […]
Violations of the Bank Secrecy Act (BSA) and related rules are continuing to be addressed by three federal branches of MUFG Bank Ltd., Tokyo, Japan, under a consent cease-and-desist (C&D) order executed Thursday with the […]
A former official at a non-bank subsidiary of J.P. Morgan Chase & Co. has agreed to a permanent prohibition from banking after allegedly offering internships and other jobs to persons referred by foreign officials in […]
The consumer financial protection agency is required to give a heads-up to select congressional committees when making a request for transfer of funds from the Federal Reserve under legislation signed by the president late last […]
Enhancing oversight of banks’ cybersecurity risk, adapting to financial technology (fintech) innovation, and strengthening information security management at the agency are the top three challenges facing the federal insurer of bank deposits, the agency’s inspector […]
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