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The uproar over the incendiary writings of a Consumer Financial Protection Bureau official have led to calls for his removal, but the agency’s interim chief says he won’t “let any outside group dictate who works here.”
October 11
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The groups argue the proposal, which would provide certain legal safe harbors to participating companies, exceeds the CFPB’s statutory authority and would put consumers at greater risk.
October 11
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President Trump said he won't fire Federal Reserve Chairman Jerome Powell but blamed an "out of control" U.S. central bank for the worst stock market sell-off since February.
October 11
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Currently running for a fourth term in Congress, former credit union employee Denny Heck is a vocal proponent of changes to NCUA's risk-based capital rule and other industry priorities.
October 11
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The Federal Reserve System is trying to be proactive in these and other high-profile areas, offering educational materials and coaching to bank execs and directors, according to supervision officials at the St. Louis and Richmond Fed banks.
October 11
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Craig Phillips, a counselor to Treasury Secretary Steven Mnuchin, said the department is not trying to undermine the role of state regulation of fintechs.
October 10
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Hoosier Hills Credit Union now serves 35 counties and has roughly 29,000 members.
October 10
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Jones Methodist Church Credit Union has been ordered to address "unsafe or unsound practices" following nine years of losses and other problems.
October 10
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The group is launching an "educational campaign" to praise the role played by House and Senate members in unwinding certain provisions of the Dodd-Frank.
October 10
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It's difficult to predict exactly what might be the next threat to the financial system. Here's a roundup of some prime suspects.
October 9
