CFPB Extends Oversight to Nonbank Auto Lenders

The FDIC and OCC released the market scenarios they will use in their upcoming stress tests for financial institutions. The agencies coordinated with the Federal Reserve to develop the scenarios, with the Fed releasing its scenarios last week.

A bipartisan group of senators introduced legislation to raise the asset threshold under which banks are subject to longer examination cycles.

Two House lawmakers have introduced legislation directing social media companies to take steps to fight fraudulent advertisements on their platforms. A companion bill was recently introduced in the Senate.

As the OCC considers revising its chartering rules, the agency should seek to uphold strong safety and soundness standards, increase transparency in the chartering process, and move cautiously as new regulatory frameworks develop, ABA said. The association also...

After rising for more than a decade, the number of community development financial institutions and their total assets experienced a modest decline starting in 2023, according to a new report by the Federal Reserve Bank of New York.

The banking agencies announced they are rescinding the FAQs on the Liquidity Coverage Ratio but will leave the documents online for public viewing.