Top headlines in today’s news …
A proposed settlement with up to nine payday lending groups and three individuals would permanently ban them from offering the typically short-term, high-interest loans to any consumer in the U.S. – and bar them from […]
A final rule on providing more flexibility for financial institutions in securing flood insurance from private providers was adopted by the federal regulator of credit unions Thursday and announced by the agency Friday. In a […]
A final rule on treatment of banks’ reciprocal deposits under the recently enacted regulatory reform law will take effect 30 days after publication in the Federal Register – slated Monday – for an early March […]
New fee schedules that took effect Jan. 2 for the Federal Reserve Banks’ priced services and electronic access for financial institutions include fee increases as well as some new services for 2019, according to a […]
The Federal Reserve cares only about “doing its job for the American people” and “never takes political considerations into account” as part of its work, the chairman of the central bank’s board said Wednesday. Fed […]
The “designated reserve ratio” for the federal bank deposit insurance fund will remain at 2% in 2019, unchanged from last year, according to a notice published Thursday in the Federal Register. The designated reserve ratio […]
Ensuring the continued implementation of last year’s financial regulatory reform law and continued examination of whether rules should be tailored to help financial firms serve their local communities are but two of the objectives outlined […]
Final rules requiring financial institutions to accept flood insurance policies that meet the statutory definition of “private flood insurance” – and to allow financial institutions to exercise their own discretion in accepting other plans, including […]
“Trouble during payment process” and “struggling to pay mortgage” were the leading complaints consumers had about mortgages between November 2016 and October 2018, the federal consumer financial protection agency said in a “snapshot” Tuesday – […]
A public research conference slated for July 9 will examine the transparency and effectiveness of the Federal Reserve Board’s stress testing framework and how stress tests can remain “a dynamic and useful tool of large […]
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