Person Root Tag

Coastal’s donation comes two months after CUNA announced plans for $100 million nationwide awareness campaign for credit unions.

Comptroller of the Currency Joseph Otting writes that the Community Reinvestment Act has not kept pace with changes in banking and needs to be updated.

The Senate approved Richard Clarida as vice chairman of the Federal Reserve on Tuesday, while two other central bank nominees still await a vote.

The Office of the Comptroller of the Currency issued more than 30 questions for the public as it begins an effort to modernize the Community Reinvestment Act.

Randal Quarles was considered for Financial Stability Board chair spot; the outgoing student loan ombudsman says the agency puts lenders before consumers.

Unilateral approaches to bank regulation are risky, but the OCC's plan to seek public comment independent of the other agencies could help shed light on a CRA debate that is now being waged internally.

Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”

Wells Fargo & Co. is cutting 638 mortgage employees as the nation’s largest home lender contends with a slowdown in the business.

The agency says it will act independently of other regulators to release a notice asking for public input on revamping the decades-old law.

Federal Reserve Chairman Jerome Powell said the fundamentals of the U.S. economic expansion look strong and support the case for continued gradual interest rate increases.

A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book.

Dozens of top U.S. business leaders including JPMorgan Chase's Jamie Dimon, Apple's Tim Cook and Pepsico's Indra Nooyi signed a letter expressing "serious concerns" about the Trump administration's immigration policy changes and their potential to undermine economic growth.

Credit union groups are praising the committee's approval of Kathy Kraninger's nomination to head the Consumer Financial Protection Bureau in the face of strong Democratic opposition. Nominations for other positions also moved forward.

A top regulator has signaled that the banking agencies are receptive to extending the comment deadline, after banks raised concerns about a proposed revision to the ban on proprietary trading.

The committee approved the nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau, despite strong Democratic opposition, as well as President Trump's picks for Ginnie Mae, the Export-Import Bank and several other positions.

The industry’s profit was $60.2 billion, a more than 7% increase from the previous record set in the first quarter and a 25% leap from a year earlier, the agency said in its quarterly report on the industry's health.

Sen. Heidi Heitkamp, D-N.D., has compromised with Republicans on key issues and supported other Trump nominees, but she said Kathy Kraninger lacks enough experience to run the consumer bureau.

After years of scant progress on diversity measures, Citigroup has created hard targets for raising the percentages of women and African Americans in management positions by 2021, according to an internal memo from Chief Executive Officer Michael Corbat.

The agency said the market for larger rental investors may not need additional liquidity from Fannie Mae and Freddie Mac.

The employee who made sexual harassment allegations against the agency’s director also claims Watt withheld her pay increase after she refused his advances.