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Jerome Powell says it's “now or never” to cut the government’s role in mortgage finance; Justice Department is monitoring eight banks for suspected money laundering.
July 7
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National Credit Union Administration Chairman J. Mark McWatters said dropping Consumer Financial Protection Bureau oversight of credit unions would free up CFPB resources.
July 6
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A judge has approved the inclusion of new payday lenders in a case seeking relief from the effects of Operation Choke Point, and denied defendants' motion for summary judgment against Advance America.
July 6 -
In a letter to CFPB Director Richard Cordray, NCUA Chairman Mark McWatters said dropping CFPB oversight of credit unions would free up CFPB resources to better police larger, for-profit institutions, while also extending a hand for a potential partnership.
July 6
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Federal Reserve Board Gov. Jerome Powell stopped short of endorsing any single housing finance reform plan, but called on lawmakers to resolve what he described as the biggest unfinished business of the crisis.
July 6
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Mark Van Der Weide will become the Federal Reserve Board's general counsel later this summer, succeeding Scott Alvarez.
July 6
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CU trade group credits the senator with a history of supporting community-based financial institutions.
July 6
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Mobile payments, online transactions and electronic billing are all on the rise, according to new analysis from the Federal Reserve.
July 6
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The agencies released public portions of livings wills that were due July 1 while also announcing an extension for AIG and Prudential.
July 5
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The renewed debate on reforming Fannie Mae and Freddie Mac is focused on how small and midsize banks would be affected.
July 5
