Top headlines in today’s news …
A shake-up of senior staff of the federal consumer financial protection agency was announced late Friday, as new Director Kathleen (“Kathy”) Kraninger took steps to make her own mark on the agency. The Consumer Financial […]
A 2018 review of large syndicated bank loans showed a decline in portfolio risk due to improving conditions in most sectors, but the dollar volume of loans rated lower than “pass,” as a percentage of […]
A settlement between Enova International, Inc., an online lender that extends unsecured payday and installment loans, and lines of credit based in Chicago, Ill., and the Consumer Financial Protection Bureau (CFPB) requires Enova to pay a […]
The comptroller of the currency, currently serving also as acting director of the Federal Housing Finance Agency (FHFA), faced questions Friday from the Democratic leaders of Senate and House committees overseeing his agency about his […]
Credit or consumer reporting and debt collection continue to be the most-complained-about consumer financial products or services reported by military servicemembers, according to a report released Thursday by the federal consumer financial protection agency. In […]
A broker allegedly offering high-interest credit to veterans has been permanently banned from (among other things) arranging agreements between veterans and third parties under which the veteran purports to sell a future right to an […]
Unedited “living wills” for 738 financial companies – including bank holding companies with $50 billion or more than in assets and nonbank financial companies designated for supervision – dating from to 2012 to the last […]
A rule that, as of Jan. 28, is expected to make more than 400 additional banks potentially eligible for the 18-month, on-site examination cycle is highlighted in a bulletin issued Thursday to banking institutions supervised […]
The director of the federal consumer financial protection agency sent House Speaker Nancy Pelosi, Vice President Mike Pence and key House and Senate Committees draft legislation Thursday that she says would give her agency clear […]
The maximums for civil money penalties assessed by the federal credit union regulator will increase 2.5% under a final rule of the National Credit Union Administration (NCUA) Board, which on Thursday also approved a member […]
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