Regulation and compliance
Regulation
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Despite the House Financial Services Committee's passage of a bill to convert the Consumer Financial Protection Bureau's leadership structure from a single director to a commission, Democrats have largely opposed the bill.
December 1 -
Broadway Financial Corp. in Los Angeles has been released from an enforcement action requiring it to improve its corporate governance.
November 30 -
Congress has a packed agenda this December with major budget and transportation bills in the works that may contain key changes for the banking industry.
November 30 -
The Senate is the next battleground for legislation requiring the Consumer Financial Protection Bureau to rescind 2013 guidance on indirect auto lending, but the bill may do nothing to slow enforcement efforts.
November 30 -
The Senate is the next battleground for legislation requiring the Consumer Financial Protection Bureau to rescind 2013 guidance on indirect auto lending, but the bill may do nothing to slow enforcement efforts.
November 25 -
The Bank for International Settlements acknowledges that people may have legitimate reasons to prefer an anonymous payment system.
November 25 -
American Express Co., the largest credit-card issuer by purchases, said it will cut 45 jobs in its enterprise growth unit next year as part of a reorganization.
November 25 -
A report released by Republicans on the House Financial Services Committee accuses the CFPB of willfully overstepping the law to punish indirect auto lenders for alleged discriminatory practices that, the report says, are fair business.
November 24 -
The head of the Independent Community Bankers of America fires a legal warning at NCUA and says relations between the two industries has never been more strained.
November 24 -
The National Credit Union Administration issued a comprehensive report Monday defending the agency's risk-based capital rule and urging lawmakers to make several legislative changes.
November 23 -
New Hampshire Congressman Frank Guinta welcomed more than 30 credit union officials at America's Credit Union Museum on Friday for a roundtable discussion that featured NCUA Chairman Debbie Matz.
November 23 -
The government's new proposal for operationalizing the wind-down powers of Dodd-Frank is just institutionalizing "too big to fail."
November 23 -
One month after being placed into conservatorship by NCUA, tiny Helping Other People Excel Federal Credit Union, which had been embroiled in a Bitcoin money laundering scheme, was liquidated by the regulator.
November 20 -
Banks and credit card companies could find themselves on the losing end if the daily fantasy sports companies DraftKings and FanDuel are deemed to have been running illegal gambling operations in the state of New York.
November 20 -
It wasn't enough for the agency to propose sweeping changes to field of membership at Thursday's meeting, as regulators also tackled the budget, OTR and industry calls for a longer exam cycle at a meeting that was punctuated by the some of the sharpest exchanges yet between Chairman Debbie Matz and Board Member J. Mark McWatters.
November 20 -
The United States and United Kingdom recently published detailed money laundering and terrorist financing risk assessments identifying both law enforcement and national security challenges.
November 20 -
The industry deserves credit for rebuilding the Deposit Insurance Fund after the crisis, but victory is far from achieved in preparing agency reserves for the next crisis.
November 19 -
San Francisco sued American Express Co. for allegedly stifling competition with excessive fees, seeking billions of dollars in restitution to merchants.
November 19 -
In an effort to crack down on consumer fraud, the Federal Trade Commission announced Wednesday that it will ban telemarketers from using four payment methods that are frequently abused by scam artists.
November 19 -
Republican presidential contenders are off base when they claim the Dodd-Frank Act spurred the decline in community banks, which in fact predated the law.
November 19



