The National Credit Union Administration (NCUA) is requesting that the Consumer Financial Protection Bureau provide conditional exemption for credit unions with assets of more than $10 billion from it...
Read More
Fewer small businesses tried to hire in June while more reduced employment, according to the monthly National Federation of Independent Business (NFIB) Jobs Report released last week. The percenta...
Read More
The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) released the public portions of annual resolution plans for eight large financial firms last week. Resolution plans, r...
Read More
The Office of the Comptroller of the Currency (OCC) released a list of Community Reinvestment Act (CRA) performance evaluations last week, with five banks earning an outstanding rating. The list co...
Read More
The financials of U.S. agricultural producers have improved over the past year, but are still in danger of falling short of 2017 financial targets, according to the monthly Purdue University/CME Group...
Read More
A group of Republican senators are asking the U.S. Department of Homeland Security (DHS) to halt the implementation of regulatory changes to the EB-5 Immigrant Investor Program, which they say will hi...
Read More
U.S. Sen. Bill Nelson (D-FL) is sponsoring legislation to cut student loan rates and allow borrowers with existing student loans to refinance to new lower rates. The proposal comes roughly one week...
Read More
U.S. Sens. Tim Scott (R-SC) and Brian Schatz (D-HI) introduced legislation last week that seeks to resolve the problem of repeatedly flooded properties. The Repeatedly Flooded Communities Preparat...
Read More
The National Association of Insurance Commissioners (NAIC) has come out with a new DriveCheck assessment to help consumers determine if usage-based insurance is right for them. Since 1983, the perc...
Read More
John Ducrest has been named the new chairman of the Board of Managers of the State Regulatory Registry, a subsidiary of the Conference of State Bank Supervisors (CSBS). Ducrest is the commissioner ...
Read More
The House Capital Markets, Securities and Investment Subcommittee held a hearing last week to examine the state of the U.S. equity markets, specifically regarding what is working well and what needs i...
Read More
The National Association of Federally-Insured Credit Unions (NAFCU), along with other financial associations, recently urged leaders of the House and Senate Appropriations Committees to support $250 m...
Read More
At a hearing last week by the House Financial Institutions and Consumer Credit Subcommittee, lawmakers and experts examined the federal government’s anti-money laundering (AML) efforts under the Ban...
Read More
The Public Company Accounting Oversight Board (PCAOB) published the results of its auditor inspections last week, which showed impaired independence as auditors of broker-dealers were preparing the fi...
Read More
A bipartisan group of senators and members of the House introduced legislation today that would make it easier for businesses to give employees an ownership stake through stock options. Stock opti...
Read More
The House Subcommittee on Digital Commerce and Consumer Protection held a hearing last week to discuss draft legislation on self-driving cars in an effort to best capitalize on this burgeoning technol...
Read More
The Financial Services Institute (FSI) announced the election of three new directors for its 2018 board along with its new slate of officers The newest board members are Ed Forst, president and CEO...
Read More
The volume of consumer complaint about financial products and services increased 7 percent between 2015 and 2016, according to a new Consumer Financial Protection Bureau’s (CFPB) report. The Dod...
Read More
House Democrats on the Financial Services Committee are requesting a meeting with U.S. Department of Housing and Urban Development (HUD) leaders to discuss the impact of the Trump Administration’s p...
Read More
Mark McWatters has been named chairman of the National Credit Union Administration Board, a role he had been serving as acting chairman since January. He becomes the 10th NCUA Board Chairman, effec...
Read More