Republicans on Capitol Hill are attacking the Consumer Financial Protection Bureau with renewed zeal following Director Rohit Chopra’s attempt to force the Federal Deposit Insurance Corporation to solicit comments on bank merger policies.
House Financial Services Committee Chairwoman Maxine Waters, D-Calif., is challenging the National Credit Union Administration and other banking regulators to issue guidance requiring institutions to measure and manage climate risk—a thorny issue for the NCUA board.
A highly unusual fight broke out last week among banking regulators over supervision of bank mergers, and so far, credit unions are not in the line of fire.
The use of Artificial Intelligence and algorithms by financial institutions must not result in discriminatory practices, two key House Democrats warned financial regulators Monday.
The National Credit Union Administration board is asking Congress to make permanent the pandemic-related changes to the agency’s Central Liquidity Facility.
Those changes are set to expire on Dec. 31.
The Consumer Financial Protection Bureau announced Tuesday it is soliciting comments on the agency’s Home Mortgage Disclosure Act rule—a controversial regulation often criticized by credit union trade groups.
A postal banking pilot program being run by the U.S. Postal Service is a bad idea, is not needed, and may violate federal law, 19 Republican senators wrote in a letter to Postmaster General Louis DeJoy on Monday.
The House Financial Services Committee on Tuesday approved legislation that would make it easier for credit unions to expel members who pose a threat or engage in dangerous or illegal conduct.
The House Financial Services Committee on Tuesday will consider legislation that would make it easier for credit unions to expel members who pose a threat or engage in dangerous or illegal conduct.
Consumer Financial Protection Bureau Director Rohit Chopra has appointed two opponents of traditional overdraft policies to head the agency’s enforcement and supervision divisions—a sign that the agency could get more aggressive in policing those policies.