Top headlines in today’s news …
One week after the “comments due” date had passed on the final of 12 requests for information (RFIs) from the federal consumer financial protection agency, the total of 88,564 letters received overwhelmingly focuses on three […]
A Minnesota banking company has agreed to pay $25 million in restitution to customers for “obscured” overdraft fees that they were charged, and has agreed to an injunction to prevent future violations, the federal consumer […]
The coming week brings a number of important developments for the financial industry, including a House committee mark-up of seven financial industry bills, payments to credit unions from the federal share insurance fund and, among […]
Kathleen Kraninger, the president’s choice to head the Bureau of Consumer Financial Protection (BCFP), in her brief opening statement and during Q&A, embraced the bureau’s mission but revealed little detail during a Senate Banking Committee […]
Federal Reserve Board Chairman Jerome Powell on Wednesday told lawmakers he currently sees cyber risk as the top threat to the stability of the nation’s financial system. Powell, during a House committee hearing, said regulators […]
A $66 billion Utah-based bank would not be considered “systemically important” to the U.S. financial structure under federal banking rules following the bank’s merger with its parent company, under a proposed decision reached Wednesday by […]
The head of the nation’s central bank testified Tuesday on monetary policy and faced questions from lawmakers over bank stress testing – which the agency chairman said remains an important supervisory tool – and implementation […]
Revised versions of all three call reports, which took effect June 30 and include changes made by recently enacted regulatory relief legislation, must be submitted by July 30, a Financial Institution Letter (FIL) from the […]
More than 5,000 credit unions across the country will begin receiving statements this week from their federal regulator outlining their share of a nearly $736 million payout of funds left over in a now-closed program […]
The House, on Tuesday voting 406-4, passed a broad, bipartisan capital-formation measure that would also reduce the frequency of banking company resolution plans (living wills), provide a safe harbor for financial institutions keeping some suspicious […]
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