Top headlines in today’s news …
A report to Congress issued Friday on the effectiveness of the consumer financial protection bureau’s remittance rule shows that while money services businesses (MSBs) conduct the lion’s share of consumer remittances – 95.6% of them […]
Proposed rules that will “reconsider” its rules regarding payday lending are expected to be issued in January, the federal consumer financial protection agency said Friday. In a statement, the Bureau of Consumer Financial Protection (BCFP, […]
At least three times this month, leaders of the Federal Reserve Board have been asked in public forums to respond to criticism by President Donald Trump of the board’s actions on interest rates. And, at […]
Count Federal Reserve Board Vice Chairman Richard Clarida as one more member of the central bank’s governing body to back the independence of the agency in the face of criticism from the president of the […]
Commercial banks and savings associations reporting small business and small farm loans under the Community Reinvestment Act (CRA) grew the total dollar amount of loans originated by 1% and 3.4%, respectively, according to summary data […]
Prudential standards for large bank holding companies, savings and loan holding companies, and state member banks will be considered Oct. 31 during an open meeting of the Federal Reserve Board that will be webcast live, […]
A $100 million civil money penalty (CMP) was assessed against Capital One, N.A., and Capital One Bank (USA), N.A., both in Virginia, by the Office of the Comptroller of the Currency (OCC) this month due […]
Households that are “unbanked” represent 6.5% of all those in the country, the federal insurer of bank deposits reported Tuesday – the third straight period, it said, the percentage has declined. At the same time, […]
After five weeks on the job, the Federal Reserve Board’s new vice chairman is set to give his first public speech Thursday during an economists’ luncheon in Washington. This week also brings an advisory committee meeting […]
The House Financial Services Committee will hear testimony Nov. 14 from the Federal Reserve Board’s top supervision official during a hearing set to begin at 9 a.m. ET, according to an announcement Monday by committee […]
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