Senator Deb Fischer (R-NE) reintroduced legislation that would restructure the Consumer Financial Protection Bureau (CFPB), replacing the director with a five-member bipartisan board of directors. ...
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The Federal Reserve issued a progress report last week on its initiative to enhance the speed, efficiency and security of the U.S. payment system. The Strategies for Improving the U.S. Payment Syst...
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The Regional Bank Coalition (RBC) and Mid-Sized Bank Coalition of America (MBCA) sent a letter to Congress last week, urging them to provide regulatory relief for banks. “While the MBCA and RBC s...
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According to a U.S. Bureau of Economic Analysis released last week, the U.S. gross domestic product (GDP) increased 1.9 percent in the fourth quarter, prompting House Republican leaders to criticize t...
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Sens. Susan Collins (R-ME) and Claire McCaskill D-MO) introduced legislation last week that would protect senior citizens from financial exploitation and fraud. The Senior Safe Act of 2017 would pr...
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In an open letter to President Donald Trump, Futures Industry Association (FIA) President and CEO Walt Lukken urged the administration and Congress to review all financial reform regulation in attempt...
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BMO Harris Bank announced a partnership with the Illinois Housing Development Authority (IDHA) to assist homeowners who owe more on their mortgages than the value of their home through IHDA’s I-Refi...
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Sens. Steve Daines (R-MT) and Joe Manchin (D-WV) introduced the Small Business Broadband Deployment Act, which would provide relief for internet service providers in their states from certain Federal ...
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An update of The Wolfsberg Group, ICC and BAFT Trade Finance Principles publication released this week looks at the financing of international trade for global and regional financial institutions in a...
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Steve Schneider, Midwest region vice president for the American Insurance Association (AIA), issued a statement to the Illinois Senate Executive Committee on SB 12, workers’ compensation reform legi...
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One of the top legislative priorities for insurers in Maryland this year is to modernize commercial lines forms and rates, according to the American Insurance Association (AIA) outlook for Maryland in...
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A proposal by Sen. Sherrod Brown (D-OH), ranking member of the Senate Banking, Housing, and Urban Affairs Committee, would require Cabinet-level nominations under the committee’s jurisdiction to rel...
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Members of the Congressional Black Caucus (CBC) sent a letter to President Trump this week, urging him not to remove the director of the Consumer Financial Protection Bureau, Richard Cordray, before h...
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PNC Bank issued a report on how parents can protect their children from the growing problem of identity theft of minors. A recent survey by the Identity Theft Assistance Center and the Javelin Stra...
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A group of 16 state attorneys general, led by Connecticut Attorney General George Jepsen, filed a motion to intervene in a federal appeals case and defend the constitutionality of the Consumer Financi...
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The Federal Deposit Insurance Corporation’s (FDIC) Winter 2017 edition of Consumer News features tips and answers to questions from consumers about a range of financial services issues, including re...
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The National Credit Union Administration (NCUA) certified five low-income credit unions as community development financial institutions. The five credit unions to earn certification are: Central Su...
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The Federal Home Loan Bank of Topeka has introduced a new online system to make it easier for members to participate in its Housing and Community Development (HCD) programs. Through the online syst...
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Federal Home Loan (FHL) Bank of Atlanta elected John Rucker to fill the independent directorship vacancy on its board of directors, and re-elected its current chairman and vice chairman to new two-yea...
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In the first nine months of 2016, U.S. property/casualty insurers suffered a $1.7 billion net underwriting loss, down sharply from a $7.3 billion net underwriting gain in the first nine months of 2015...
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