Top headlines in today’s news …
Acting in anticipation of data breaches (and in response to an overall federal plan), the Federal Reserve is proposing to revise its general routine uses of systems of records, including adding a new “routine use” […]
All but one of the regulatory thresholds on what fees are allowed and which loans get special protections under the Truth in Lending Act (TILA), Credit Card Accountability Responsibility and Disclosure Act (CARD Act) and […]
Policy makers are “navigating by the stars” in their efforts to manage interest rates and jobs growth, the chairman of the Federal Reserve Board said Friday, but gradually raising interest rates remains the most likely […]
FDIC Chairman Jelena McWilliams on Thursday indicated it’s possible that the banking industry may receive more time to submit their comments on a proposal to revamp the Volcker Rule, created in 2013 to prohibit proprietary […]
The nomination of the next director of the federal consumer financial protection agency was recommended favorably, narrowly and along partisan lines (and after withering criticism by Democrats) by a Senate committee Thursday. The next step […]
Three federal banking regulatory agencies on Wednesday issued an interim final rule, along with a request for comments, that amends the liquidity coverage ratio (LCR) rule to treat liquid and readily marketable, investment-grade municipal obligations […]
Collections for telecommunications debt – for example, money owed for landline or cell phone, cable or Internet – showed up in more than 1 in 5 consumer credit reports from mid-2013 to early 2018, but […]
Federal Deposit Insurance Corp. (FDIC) Chairman Jelena McWilliams will hold a press briefing this Thursday to announce bank and thrift industry earnings for the second quarter of 2018, the agency said Monday. The Thursday briefing, […]
Amending the transition requirements and scope of the current expected credit losses (CECL) standard issued by Financial Accounting Standards Board (FASB) is the aim of a proposal issued Monday by the group. Comments are due […]
Exceptive relief for financial institutions regarding accounts that automatically rollover or renew, such as certificates of deposit or loan accounts, from obligations of the Financial Crimes Enforcement Network (FinCEN) beneficial ownership rule has been extended […]
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