Regulation and compliance
Regulation
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A financial report due out soon could reignite a battle over whether the Federal Housing Administration should again reduce its annual premium.
October 28 -
Progressives are already pushing Democrats to appoint another Wall Street reformer to the Banking Committee if they win back the Senate, but other considerations, including the 2018 midterms, will play a significant role in who is chosen.
October 28 -
Mastercard's Masterpass digital wallet is gaining steam from a new enrollment feature that puts issuers in control, according to Mastercard CEO Ajay Banga.
October 28 -
WASHINGTON Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., are raising concerns about why independent audits of Wells Fargo's internal controls didn't discover fraudulent account openings by thousands of employees.
October 27 -
Bethpage Federal Credit Union in Bethpage, N.Y., Holston Methodist Federal Credit Union of Knoxville, Tenn., and United Heritage Credit Union of Austin, Texas have all selected The FirstClose Report for instant title search, flood certification, valuation and property information and other services tied to mortgage and home equity loan products.
October 27 -
The Consumer Financial Protection Bureau sent letters Thursday to 44 mortgage lenders warning them of potential reporting violations related to their mortgage lending activities infractions the bureau is increasingly pushing lenders to take seriously.
October 27 -
Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million.
October 27 -
In bringing back public budget hearings, the National Credit Union Administration is doing something no other federal financial regulator does.
October 27 -
One of the nation's biggest prepaid card companies said that it expects to lose 10% to 12% of its current revenue as a result of new federal rules governing the industry.
October 27 -
Nearly a year and more than 10,000 comment letters after it was introduced, the National Credit Union Administration is expected to vote Thursday on a final rule that would make it easier for consumers to join a credit union.
October 26 -
With compliance costs on the rise, some banks are looking at sharing staff -- a move CUs have utilized for many years.
October 26 -
WASHINGTON Sixteen Senate Democrats sent a letter to federal financial regulators on Wednesday asking them to strengthen a proposal to restrict executive compensation at financial firms.
October 26 -
Five banks in Kansas are putting together plans to share a compliance officer. While the move should save money, the banks are fully aware of the risks involved with the potential collaboration.
October 26 -
WASHINGTON Sixteen Senate Democrats sent a letter to federal financial regulators on Wednesday asking them to strengthen a proposal to restrict executive compensation at financial firms.
October 26 -
The piling on at Wells Fargo has reached an unprecedented level, even for a bank. Fifteen investigations are underway into Wells' phony account openings. Experts are quantifying the damage to Wells' reputation and what the bank can do going forward to repair it.
October 25 -
Neither bank regulators nor banks' risk managers can afford to wait until rating agencies downgrade Deutsche before understanding the level of exposure they have to the German bank giant.
October 25 -
When the San Bernardino shooter obtained a loan online, he reportedly used his real name, which wasn't on the government's sanctions-screening list, underscoring the limitations of identity verification technology.
October 25 -
Wells Fargo appears to have offered two different reasons for why it failed to inform investors about the investigation into 2 million phony accounts. That could play a role into whether the Securities and Exchange Commission files charges against the bank for disclosure violations.
October 24 -
Thirty CUs have agreed to pay late fines to the Treasury totaling more than $20,000.
October 24 -
Based on questions from appellate judges on Monday morning, MetLife appears to be facing an uphill fight to defend a lower court ruling that found federal regulators erred in designating the firm as a systemically important financial institution.
October 24





