In a spirited oral argument on April 12, a panel of the US Court of Appeals for the DC Circuit questioned the constitutionality of the Consumer Financial Protection Bureau’s (CFPB’s) governance structure.
In an April 6 speech before the FDIC Community Banking Conference, Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg discussed the FDIC’s interest in promoting the creation of new community banks.
On March 22, the Consumer Financial Protection Bureau (CFPB) announced on its website that it has issued its annual summary and analysis of the 19,000 complaints it received from servicemembers last year, titled “ Servicemembers 2015: A Year in Review .” The CFPB’s report provides aggregate statistics concerning the sources, subject matters, resolutions, and financial products involved in those complaints.
The Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and National Credit Union Administration, together with the US Department of the Treasury’s Financial Crimes Enforcement Network (the Agencies), yesterday issued interagency guidance (Guidance) discussing the applicability of Customer Identification Program (CIP) requirements to holders of prepaid cards issued by banks.
The Federal Deposit Insurance Corporation (FDIC) approved a final rule yesterday to increase the Deposit Insurance Fund (DIF) to the statutorily required minimum level of 1.35%.
The Federal Deposit Insurance Corporation (FDIC) today proposed a rule that would create new recordkeeping requirements for large FDIC-insured banks and govern the determination and payment of insured customer deposits in the event of a large bank failure.
The Office of the Comptroller of the Currency, the Federal Reserve Board, and the Federal Deposit Insurance Corporation issued today an interagency statement ( Statement on Prudent Risk Management for Commercial Real Estate Lending ) cautioning the banking industry on the need for prudent risk management practices with respect to commercial real estate (CRE) lending activities.