The Consumer Financial Protection Bureau’s fair lending team will increase its focus on three areas next year: redlining, mortgage and student loan servicing and small business lending. Over the ...
Read More
With approval from the Securities and Exchange Commission (SEC) on Dec. 14, the 2017 budget for the Public Company Accounting Oversight Board (PCAOB) is one step closer to reality. That budget incl...
Read More
A third-party review released on Tuesday by the Office of the Comptroller of the Currency details the actions taken by the office to improve supervision of large financial institutions. After recei...
Read More
A series of charts released by Joint Economic Committee Ranking Member Carolyn Maloney (D-NY) this week point to decades of faltering retirement security, stagnant wages and rising income inequality ...
Read More
Rep. Jeb Hensarling (R-TX), chair of the House Financial Services Committee, published comments on Wednesday addressing the Federal Reserve’s decision to raise short-term interest rates. “Susta...
Read More
The Certified Financial Planner Board of Standards Inc. on Tuesday announced the appointment of Maureen Thompson as vice president of public policy. Thompson brings nearly three decades of experien...
Read More
In a letter submitted to the Commodity Futures Trading Commission (CFTC) on Wednesday, U.S. Sens. Sherrod Brown (D-OH), Maria Cantwell (D-WA), and Dianne Feinstein (D-CA) called for the completion of ...
Read MoreWith approval from the Securities and Exchange Commission (SEC) on Dec. 14, the 2017 budget for the Public Company Accounting Oversight Board (PCAOB) is one step closer to reality. That budget incl...
Read More
For only the second time since the financial crisis of 2008, the Federal Open Market Committee (FOMC) voted to raise its target range for the federal funds rate 0.25 percentage points to 0.5 percent t...
Read More
A survey by the Mortgage Bankers Association (MBA) revealed this week that Nov. 2016 saw a 12 percent increase in mortgage applications over the previous year. This was tempered somewhat by a 3 pe...
Read More
Three federal banking agencies issued interagency rules that will expand the number of small banks and savings associations that qualify for an extended 18-month examination cycle. The rules, which...
Read More
Narahari Phatak was selected as the new associate director for policy by the Securities and Exchange Commission (SEC) on Monday. Phatak will serve in the Division of Economic and Risk Analysis (DER...
Read More
The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced a joint decision on the plans of the nation’s largest banks for dealing with future crises this week. Hearkening bac...
Read More
The New Jersey Department of Banking and the National Association of Insurance Commissioners (NAIC) has made locating lost life insurance policies and annuities easier for consumers with a new electro...
Read More
The Federal Reserve Board announced this week that Andreas Lehnert is to succeed Nelli Liang as director of its Financial Stability division. The appointment will be effective Dec. 25, 2016. Curre...
Read More
Michael Consedine, former insurance commissioner for the state of Pennsylvania, was appointed chief executive officer for the National Association of Insurance Commissioners (NAIC) on Dec. 10. As t...
Read More
The Capital Markets and Government Sponsored Enterprises Subcommittee on Thursday held a hearing to consider the impact of regulations since 2010 have had on short-term financing in the U.S. capital m...
Read More
The U.S. House of Representatives on Wednesday passed the Transparent Insurance Standards Act, which directs federal regulators to solicit public comments, consult with state officials, and report to ...
Read More
The House Subcommittee on Monetary Policy and Trade on Wednesday held a hearing to examine the Federal Reserve’s departures from conventional monetary policy and how a more transparent policy strate...
Read More
The latest release of the Quarterly Economic Digest (QED), published this week, is showing strong growth trends across several elements of the U.S. economy during the third quarter of 2016. Rep. Ca...
Read More