Banking
What banks should take away from this week’s whirlwind political drama
[ad_1] WASHINGTON — The 2024 election turned on its head this week, as a galvanized former President Donald Trump, bandaged ear from a failed…
Tag: AB – Policy & Regulation
Banking
Private data has a bigger role in reading inflation, Fed official says
[ad_1] Federal Reserve Gov. Adriana Kugler said private data is playing a bigger role in the central bank’s policy considerations.Federal Reserve Board of Governors…
Banking
Chevron reversal could factor into Custodia appeal
[ad_1] The Supreme Court’s late June ruling on Loper Bright Enterprises vs. Raimondo reversed a 40-year-old legal doctrine. The new precedent is already being…
Banking
Getting to yes: Reported Basel retooling may — or may not — have legs
[ad_1] Michael Barr, vice chair for supervision at the Federal Reserve, left, shakes hands with Martin Gruenberg, chair of the Federal Deposit Insurance Corp.,…
Banking
Fincen proposes tougher anti-money laundering standards in new rule
[ad_1] The Treasury Department’s Financial Crimes Enforcement Network issued a proposed rule overhauling banks’ anti-money laundering and counterterrorism financing programs, requiring financial institutions to step…
Banking
Surge in credit report lawsuits has banks, credit agencies scrambling
[ad_1] The Thurgood Marshall United States Courthouse in New York. The number of lawsuits filed under the Fair Credit Reporting Act has spiked in…
Banking
Fed hits fast-growing community bank with enforcement action
[ad_1] The Federal Reserve Tuesday issued an enforcement action against Evansville, Ind.-based United Fidelity Bank and its parent companies over board management issues. The…
Banking
Is the Fed’s tough love approach to housing too tough?
[ad_1] Federal Reserve Chair Jerome Powell said during a Federal Open Market Committee press conference that the central bank must control inflation to keep…
Banking
GOP tees up crypto vote with hopes of Democratic support
[ad_1] The House of Representatives is teeing up a cryptocurrency bill developed by the House Financial Services and Agriculture Committees that would delineate whether…
Banking
Dave Fishwick of ‘Bank of Dave,’ has a new nemesis: Payday lenders
[ad_1] Dave Fishwick, founder of Burnley Savings and Loans in the UK and subject of the hit Netflix movie “Bank of Dave,” at an…
Banking
FDIC workplace probe outlines pervasive culture of misconduct
[ad_1] An independent report released Tuesday detailed a pervasive culture of sexual harassment and workplace discrimination at the Federal Deposit Insurance Corp. FDIC chair…
Banking
Custodia to appeal ruling in Fed lawsuit
[ad_1] Custodia Bank will appeal the district court ruling against it in its lawsuit against the Federal Reserve. Nedrofly – stock.adobe.com Custodia Bank will…
Banking
Fintech partner banks facing ‘volatile mix’ of supervisory scrutiny
[ad_1] The Federal Reserve Board of Governors has created a new supervisory team specifically to oversee novel activities.Stefani Reynolds/Bloomberg Federal regulators have taken a…
Banking
Scott introduces measure to overturn CFPB late fee rule
[ad_1] Senator Tim Scott, R-S.C., who serves as ranking member of the Senate Banking Committee, introduced a Congressional Review Act resolution Monday that would…
Banking
Texas judge moves CFPB’s $8 credit card late fee case to DC
[ad_1] A Texas Judge dealt a blow to the credit card industry by moving litigation challenging the Consumer Financial Protection Bureau’s $8 credit card…
Banking
FDIC OIG says lax lending, poor risk management led to Iowa bank failure
[ad_1] The Federal Deposit Insurance Corp.’s Office of the Inspector General says that Sac City, Iowa-based Citizens Bank failed last year due to poor…
Banking
Fed’s Barr working with Powell to find consensus on Basel III
[ad_1] Michael Barr, Federal Reserve vice chair for supervision, said he is working with other Fed officials to reach consensus on the best path…
Banking
Regulators are taking on nonbanks — a little bit at a time
[ad_1] Treasury Secretary and Financial Stability Oversight Council Chair Janet Yellen speaks with Federal Reserve Vice Chair for Supervision Michael Barr and Securities and…
Banking
Federal Home Loan banks’ profits skyrocket from 2023 liquidity crisis
[ad_1] The March 2023 banking crisis will be remembered for three major bank failures, the demise of a fourth bank tied to cryptocurrency and…
Banking
Big banks charge higher credit card APRs than smaller issuers, CFPB says
[ad_1] “The CFPB will be accelerating its efforts to ensure that consumers can access better rates that can save families billions of dollars per…