Industry News

Performance of first-lien mortgages remained unchanged during the first quarter of 2018 compared with a year earlier, according to the Office of the Comptroller of the Currency's (OCC) quarterly report on mortgages.

The National Credit Union Administration is set to vote on revisions to its field-of-membership rule, even as it's entangled in a legal dispute with the American Bankers Association over the rule.

The selection of an obscure OMB official as CFPB director raises more questions than it answers about the future of the agency.

June 2018 Enforcement Actions

The Democratic leader in the House raised questions about Kathy Kraninger's 'qualifications to lead such an important agency.'

President Donald Trump has chosen Kathy Kraninger, a little-known White House budget aide, as director of the Consumer Financial Protection Bureau, an administration official said.

Kathy Kraninger, an obscure official at the Office of Management and Budget, is President Trump's leading candidate to become director of CFPB, according to sources.

The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details.

Joint Release June 15, 2018 Press Release Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Agencies Issue Host State Loan-to-Deposit Ratios WASHINGTON--The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today issued the host ...

The new guidelines are a prelude to a much larger effort by regulators to modernize implementation of the Community Reinvestment Act.

From a major CFPB deadline to a long-anticipated fintech report, there's a lot to watch for in the days to come.

Dateline City: Atlanta Nearly one in three Atlanta residents says their financial stability is dependent on receiving an inheritance. In line with their national counterparts, they are most likely to depend on financial assistance from their parents (19 percent, respectively), significant others (9 percent, compared to 8 percent nationally), children (7 percent, compared to 4 percent nationally) ...

On Mar. 31, 2018. Dollars in thousands.

On Mar. 31, 2018. Dollars in thousands.

Acting CFPB Director Mick Mulvaney had sided with two industry trade groups that sued the CFPB in April to invalidate the tough restrictions.

Dateline City: NEW YORK One in three Americans says their financial stability is dependent on receiving an inheritance. This is even true for 20 percent of baby boomers, many of whom are facing retirement, 36 percent of Gen Xers and 32 percent of millennials. For Gen Z, todays youngest generation (ages 18-22), this number jumps to 63 percent, despite a strong majority (87 percent) describing thei...

The Virginia bank has submitted the paperwork for Carolina State Bank, adding to the list of groups looking to open the state's first de novo since 2009.

Rep. Darrell Issa, the Republican lawmaker from California, is among the candidates who have been discussed as President Trump gets closer to naming someone to run the Consumer Financial Protection Bureau, according to people familiar with the matter.

New FDIC rules will require banks with more than two million deposit accounts to be able to calculate the insured and uninsured amount in each deposit account within 24 hours.

For Immediate Release June 5, 2018 Press Release Media Contact:Greg Hernandez(202) 898-6984ghernandez@fdic.gov FDIC Issues List of Banks Examined for CRA Compliance The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to ...