Financial Industry Regulatory Authority (FINRA) Executive Vice President Cam Funkhouser will retire at the end of the year, after more than 35 years with the organization. Funkhouser has led the or...
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The Federal Financial Institutions Examination Council (FFIEC) is backing the industry-developed Cybersecurity Profile, which is based on the National Institute of Standards and Technology’s cyberse...
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Congressional lawmakers are calling on the director of the Consumer Financial Protection Bureau to reconsider the bureau’s decision to delay the compliance date for the payday loan rule. The comp...
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Sen. Elizabeth Warren (D-MA) is expressing concern regarding the appointment of Consumer Financial Protection Bureau (CFPB) Student Loan Ombudsman Appointee Robert Cameron, citing a conflict of intere...
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Sen. Chuck Grassley (R-IA), who authored recently signed legislation designed to streamline existing debt reorganization procedures, is touting the benefits of the measure. The Small Business Reorg...
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New York Gov. Andrew Cuomo signed into law a bill that is designed to increase New York's capacity to prosecute financial fraud relating to stocks, bonds, and other securities. Specifically, the b...
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Rep. Maxine Waters (D-CA) recently led a Congressional delegation to Switzerland to visit with government officials about a new cryptocurrency that social media company Facebook is proposing. Water...
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Commodity Futures Trading Commission (CFTC) officials said the agency’s Market Risk Advisory Committee (MRAC) would conduct a public meeting via teleconference on Sept. 9. At the meeting, the MRA...
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The Public Company Accounting Oversight Board (PCAOB) released last week staff guidance documents to raise awareness and assist auditors in advance of the effective date of new estimates and specialis...
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The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) identified Chinese national Fujing Zheng and the Zheng Drug Trafficking Organization (DTO) as significant foreign narcotics tra...
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Community Reinvestment Act (CRA) activity and discussions regarding how regulations promote lending, investment, and services took center stage during Comptroller of the Currency Joseph Otting’s tou...
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The Federal Deposit Insurance Corporation (FDIC) approved a rule to change the requirements the Volcker Rule, which prohibits banks from engaging in proprietary trading and from owning or controlling ...
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A recent American Bankers Association (ABA) white paper explains the pros and cons of security ratings, how the ratings work, and how financial institutions should use them. “As we see more secur...
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Sen. Mark R. Warner (D-VA) is lauding the Securities and Exchange Commission’s (SEC) recent proposal to modernize the reporting and disclosure of human capital management practices. Proponents o...
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Robert G. Cameron has been appointed to serve as the Consumer Financial Protection Bureau’s (CFPB) private education loan ombudsman. Cameron joins the CFPB from the Pennsylvania Higher Education ...
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Lawmakers are seeking information from the Consumer Financial Protection Bureau (CFPB) on its efforts to protect consumers from unlawful student loan servicing practices. Financial Services Committ...
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Lawmakers are encouraging Social Security’s protection and strengthening, following the release of a report examining the nation’s retirement instability. “Despite Social Security’s success...
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Credit Union National Association (CUNA) officials said the organization is supporting Federal Trade Commission (FTC) Safeguards Rule amendments addressing national data privacy standards. “Stro...
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The Federal Housing Finance Agency (FHFA) signed off on a rule that says third-party credit score models that can be used by government-sponsored entities, including Fannie Mae and Freddie Mac. Th...
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The U.S. Department of Defense (DoD) developed a corrective action plan on contracting practices in the DoD’s Office of Net Assessment. The plan was developed at the request of Sen. Chuck Grassle...
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