Regulation and compliance
- Banking
Yellen says raising debt limit is only solution to avoid fiscal crisis
Treasury Secretary Janet Yellen said the only solution to avoid a U.S. default crisis is for Congress to increase the…
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NCUA extends 18% interest ceiling for federal credit unions through 2024
The National Credit Union Administration has extended its longstanding interest rate cap on loans underwritten by federally-chartered institutions, as concerns…
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Fed denies Custodia’s member bid, dealing blow to master account hopes
Custodia Bank had been seeking membership with the Federal Reserve alongside its application for a master account with the Federal…
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Auto lending practices draw regulatory scrutiny for USAA
USAA Federal Savings Bank is once again in hot water with regulators over discriminatory practices in its auto lending unit.…
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Senate GOP’s ‘Breakfast Club’ wants to shape debt-limit debate
Like the characters in the movie of the same name, the members of the Senate’s newly formed Breakfast Club don’t…
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Risky business: A look at the NCUA’s supervisory priorities for 2023
The National Credit Union Administration is narrowing its focus to address the risks that are most pertinent to credit unions…
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Warren praises SEC for making it harder for banks to custody crypto
WASHINGTON — Sen. Elizabeth Warren, D-Mass., said the Securities and Exchange Commission should double down on its scrutiny on digital…
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Experts expect ‘stalemate’ on ILC applications
WASHINGTON — After a year when crypto tanked and regulators have become increasingly skeptical of bank-fintech partnerships, observers say the…
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California’s AG defends small-business disclosure law opposed by merchant cash advance lenders
California’s Attorney General Rob Bonta is defending the state’s newly enacted small-business disclosure law that requires merchant cash advance lenders,…
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Chopra: It’s time to revisit ‘byzantine’ regulatory regime for home appraisals
Regulators are gearing up to take a closer look at the “byzantine” regulatory structure overseeing the real estate appraisal profession.…
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