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GE Energy Financial Services CEO David Nason is withdrawing his name from consideration as one of the key open positions at the Federal Reserve Board, according to a GE spokesperson.
March 8
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Fearing regulatory fines, banks have retreated from selling identity protection in recent years. Institutions will get back in the market if the Consumer Financial Protection Bureau is weakened.
March 8
Javelin Strategy & Research -
Democratic senators are gearing up for a showdown with Republicans over a Consumer Financial Protection Bureau rule governing arbitration agreements in financial contracts.
March 7
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The banking industry is counting on regulatory relief coming out of the Trump administration and Congress, but there are significant constraints on how much they might be able to deliver.
March 7
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The Innovative Lending Platform Association and the Coalition for Responsible Business Finance announced Monday that they are joining forces.
March 6 -
A trade group owned by the nation's largest banks wants Congress to require state governments to collect information about the true ownership of the companies they incorporate. Such a law could reduce the banking industry’s cost of complying with anti-money-laundering rules.
March 6
- Finance and investment-related court cases
The Justice Department plans to defend President Trump's executive authority by siding with PHH Corp. in the mortgage lender's controversial case alleging the Consumer Financial Protection Bureau is unconstitutional.
March 6
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Comptroller of the Currency Thomas Curry defended plans to offer a nonbank charter to fintech firms, disputing, among other things, arguments that his agency lacks the legal authority to do so.
March 6
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Cache Valley Bank in Utah agreed to buy Proficio's deposits and most of its assets.
March 3 -
It's hard enough lobbying for big changes on Capitol Hill, but sometimes it only gets harder when it comes time to actually implement them.
March 3
