-
Democratic presidential candidate Bernie Sanders and Rep. Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates.
May 9
-
The presidential contender’s plan to eliminate more than $1 trillion in student loan debt could have far-reaching implications for credit unions
May 9
-
A sharp disagreement between foreign and U.S. regulators is emerging on how far banking supervisors should go in asking financial institutions to stress test their loan and investment portfolios for any risks associated with climate change.
May 8
-
It is designed exclusively to address concerns of regulators who have complained about the bank's lack of progress in recovering from a series of scandals.
May 8
-
Lawmakers are poised to advance a bill requiring that commercial customers identify their beneficial owners — taking that burden away from their financial institution — but the anti-money-laundering reform arguably most favored by banks has fallen off the radar.
May 8
-
A new study shows credit unions are confident about their ability to comply with recent changes to FinCEN guidance, but a closer look shows some concerns linger, especially regarding training front line staff.
May 8
-
As the CFPB moves closer to updating its debt collection regulations, revising restrictions on phone calls and other communications with consumers must be a priority.
May 8
-
The Fed is moving to prepare banks for unexpected shocks tied to weather; rules would be eased for trades between affiliates.
May 8
-
The central bank said that while financial markets' desire for higher yields raises the potential for losses, capital and liquidity safeguards temper any concerns about a looming crash.
May 7
-
Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.
May 7
