The Conference of State Bank Supervisors (CSBS) will share all non-confidential licensing information from its Nationwide Multistate Licensing System (NMLS) with the Federal Trade Commission (FTC). ...
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Credit, operational, and compliance risks are the key concerns for the federal banking system, the Office of the Comptroller of the Currency (OCC) stated in its Semiannual Risk Perspective for Fall 20...
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Federal Housing Finance Agency Director Mel Watt laid out his ideas for housing finance reform last week, wherein he advocates for Fannie Mae and Freddie Mac to be reincorporated as private entities. ...
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The House Financial Services Committee approved 15 bills this week, including some that would roll back Dodd-Frank provisions, another that changes money market funds, and one that would make it harde...
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Rep Jeb Hensarling (R-TX), chairman of the House Financial Services Committee, commended Tuesday the Consumer Financial Protection Bureau’s (CFPB) decision to reconsider its proposed rule on payday ...
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The Consumer Financial Protection Bureau (CFPB) issued a call this week for evidence to insure it is fulfilling its charge to protect consumers. The bureau, led by Acting Director Mick Mulvaney, wi...
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At a House Small Business Committee hearing this week, representatives from leading banking associations offered their support for proposed legislation that would strengthen the Small Business Adminis...
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BB&T Corporation will set aside $50 million to invest in or acquire emerging digital technology companies, the company announced. "This sizable investment in financial technology companies repr...
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California Insurance Commissioner Dave Jones introduced legislation this week designed to strengthen consumer protections for people making insurance claims related to the California wildfires. Wil...
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The Consumer Financial Protection Bureau has postponed the implementation for its payday loan rule --which was set to take effect Jan. 16 -- as it reconsiders the rule. Payday loans, also called sm...
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At the 2018 State of the States address, chair of the National Governors Association, Nevada Gov. Brian Sandoval, discussed innovations in transportation and energy across America’s state capitols. ...
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The Federal Home Loan Bank of San Francisco’s (FHLBank San Francisco) Quality Jobs Fund invested $5 million into the Central Valley Fund, an investment firm that helps small- and medium-sized busine...
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According to a new survey from the Federal Reserve, 89 percent of banks and credit unions already offer mobile banking services to their customers. The report, the 2016 Mobile Financial Services Su...
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Robert Jackson and Hester Peirce were sworn as commissioners at the Securities and Exchange Commission last week following their confirmation by the U.S. Senate on Dec. 21. “I look forward to wo...
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The U.S. Department of Housing and Urban Development (HUD) awarded $2 billion in grants to help homeless people in the country. HUD's Continuum of Care grants go to organizations that support more ...
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U.S. Rep. French Hill (R-AR) recently introduced a bill to enhance coordination among the federal banking regulatory agencies as it relates to the Volcker Rule. The Volcker Rule, named after former...
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Mortgage applications for new home purchases decreased about 18 percent in December compared to the previous month, according to the Mortgage Bankers Association (MBA) Builder Applications Survey (BAS...
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U.S. Sens. Elizabeth Warren (D-MA) and John Cornyn (R-TX) recently introduced legislation that would require individuals and corporations to file for bankruptcy in the district where they are located....
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The House Subcommittee on Monetary Policy and Trade held a hearing last week to examine a number of legislative proposals to reform the Federal Reserve. “Almost a decade after the Great Recession...
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Bolstered by strong growth in revolving credit, which is primarily from credit cards, total consumer credit rose 8.8 percent in November, marking the biggest monthly jump since September 2015. Revo...
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