Policy & Regulation

Fabrice Coles, who was the CBC's executive director, will work on consumer and fintech policy issues at the Bank Policy Institute.

The Trump administration wants to work with Congress on freeing Fannie Mae and Freddie Mac from government control, though it's considering pursuing some changes on its own, Treasury Secretary Steven Mnuchin said Tuesday.

The agency rolled out nearly a dozen policy changes, proposals and requests for comment, including an advance notice of proposed rulemaking on brokered funding.

The move is sure to draw criticism from bankers because it would allow credit unions to compete for backing from private investors.

A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit.

A former senior staffer at the Federal Deposit Insurance Corp. was found guilty of embezzling confidential information about banks from the agency before she left her post, and could face up to 20 years in prison.

The objectives of a Financial Crimes Enforcement Network rule requiring financial institutions to collect “beneficial ownership” details are laudable, but the regulation can be subverted by unscrupulous customers.

The two institutions had to change their names after a law passed in the Hawkeye State that forbid CUs from using a state university in their names.

With control of the House changing hands in January, credit unions are set to shift their focus from regulatory relief to cybersecurity and fighting CRA.

A proposal allowing more lenders to skip outside appraisals could remove a hurdle to quick closings, but appraisers say they could be collateral damage.