Top headlines in today’s news …
Richard Clarida is now officially the vice chairman of the Federal Reserve Board, having been sworn in to office by Chairman Jerome H. (“Jay”) Powell on Monday, the Federal Reserve said. In a release Monday, […]
The impact of Hurricane Florence Friday prompted federal and state bank and credit union regulators to issue a joint statement urging financial institutions they supervise in the affected areas to “meet the financial services needs […]
More details and background about the “disclosure sandbox” proposed Sept. 10 by the Bureau of Consumer Financial Protection) BCFP are offered by the agency in a blog post dated Thursday, including an outline of revisions […]
Model forms for disclosures required of consumer reporting agencies under the Fair Credit Reporting Act (FCRA) are updated in an interim final rule issued Wednesday by the Bureau of Consumer Financial Protection (BCFP, formerly known […]
The Federal Reserve Board released a final rule Wednesday that revises the liability provisions of Regulation CC (Expedited Funds Availability Act), clarifying the burden of proof in disputes between banks over substitute or electronic checks […]
The Senate Banking Committee Wednesday rescheduled to Oct. 2 its hearing on the implementation by federal financial institution regulators of the new regulatory relief law enacted this spring. The hearing had been set for Thursday, […]
Don’t ever bet against the U.S. government in a crisis – “crisis can bring out the best in people,” the former Secretary of the Treasury during the financial crisis of 2008 said Wednesday at a […]
The National Credit Union Administration (NCUA) is “closely monitoring” Hurricane Florence, has provided information resources online and, if necessary, “will be ready to assist credit unions with maintaining or restoring operations,” the agency said in […]
Five policies and practices aimed to clarify use of supervisory guidance were issued in a joint statement Tuesday by the five federal financial institution regulatory agencies, which the agencies said were meant to clarify that […]
The House Financial Services Committee is set to begin mark-up Thursday of 14 pieces of legislation that range in focus from, among other things, Federal Reserve operations and monetary policy (for example, removing employment from […]
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