Policy & Regulation

Continued regulatory gaps in overdraft service put consumers at financial risk and potentially expose them to high, unexpected costs for little benefit.

ACA International, the largest trade group for the consumer debt collection industry, issued a statement applauding the decision by the Consumer Financial Protection Bureau to no longer include enforcement lawyers at routine examinations of financial institutions.

China, Switzerland, Germany and Japan are among nations close to reaching arrangements with U.S. regulators to ease the dismantling of failed banks, said Federal Deposit Insurance Corp. Chairman Martin J. Gruenberg.

The Federal Reserve may be preparing to fine Community Trust Bancorp (CTBI) in Pikeville, Ky., for deceptive overdraft practices.

The Federal Housing Administration has joined Fannie Mae and Freddie Mac in calling for mortgage lenders to temporarily postpone mortgage payments for furloughed government employees and contractors who have been affected by the shutdown.

A recap of the informed opinions (and the discussions they generated) on BankThink this week.

Removing enforcement personnel from exams is just the start to a broad overhaul designed to make the process faster and free up personnel to pursue their own investigations outside of exams, according to Steven Antonakes, the CFPB's No. 2.

Regulators have proposed new rules that would require banks to accept private flood insurance on homes in high-risk areas.

The Consumer Financial Protection Bureau penalized two nonbank mortgage lenders, Mortgage Master and Washington Federal, for failure to properly comply with the Home Mortgage Disclosure Act of 1975.