Regulation

The Consumer Financial Protection Bureau issued a bulletin Thursday raising concerns that specialty consumer reporting agencies are not easily releasing free information to consumers.

Former Fannie Mae chief executive Michael Williams has been appointed to chair the board of directors of Prospect Mortgage LLC.

Federal Reserve Board Gov. Daniel Tarullo gave a glimpse of what significant policy changes U.S. regulators are considering for the supervision of large foreign banking organizations in a speech at Yale University's Law School.

Northeast Bancorp in Lewiston, Maine, has repurchased the roughly 4,200 preferred shares it issued to the Treasury Department under the Troubled Asset Relief Program.

The bureau could offer an X Prize, encouraging companies to solve problems through competition or invite applications from entrepreneurs and financial companies, providing those with the most promising ideas a time-limited waiver for pilot tests.

The Federal Reserve Bank of Richmond said Margaret E. "Lyn" McDermid has been named the chief information officer for the Federal Reserve System.

International Bancshares (IBOC) in Laredo, Texas, has completed the repurchase of its remaining 131,000 shares of preferred stock issued under the Troubled Asset Relief Program.

The House Republican Conference elected the Texas lawmaker as the next chairman of the House Financial Services Committee on Wednesday.

As policymakers mull the future of U.S. mortgage policy, Federal Housing Finance Agency chief Ed DeMarco sees a potential starting point in an entity he does not regulate: the Federal Housing Administration.

Many bankers in the New York area saw few effects from the October hurricane, while the Philadelphia area saw widespread bank and ATM closures, according to the Fed's Beige Book.