CFPB Examines Payday Lending
Consumer Protection The Consumer Financial Protection Bureau, or CFPB, is convening a hearing to gather information and input on the payday lending market. The CFPB has also published its Short-Term, Small-Dollar Lending Procedures – a field guide CFPB examiners will use to make sure payday lenders – banks and nonbanks – are following federal consumer financial laws. [...] Read more →
FDIC Board Approves Final Rule Requiring Resolution Plans for Large Depository Institutions
Banking The FDIC has approved a final rule requiring an insured depository institution with $50 billion or more in total assets to submit to the FDIC periodic contingency plans for... Read more →
CFPB Issues Bulletin on Confidential Supervisory Information
Consumer Protection The CFPB has issued a bulletin regarding the collection of information through the supervisory process and the confidentiality protection its process provides to supervised... Read more →
Federal Reserve Proposes Capital, Leverage and Risk Management Requirements—With an Emphasis on Corporate Governance
Banking The Federal Reserve Board has proposed steps to strengthen regulation and supervision of large bank holding companies and systemically important nonbank financial firms. The... Read more →