Top headlines in today’s news …
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 […]
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 […]
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