In testimony before the Senate Banking Committee today, Consumer Financial Protection Bureau director nominee Kathy Kraninger outlined her key priorities for leading the agency if confirmed, pledging to ensure that the CFPB functions in a fair and transparent manner and is accountable to taxpayers.

The New York Department of Financial Services today issued a final rule adopting a “best interest” standard for insurers licensed to sell life insurance and annuity products.

In a comment letter to the Consumer Financial Protection Bureau yesterday -- the twelfth and final one that the association will submit as part of the bureau’s ongoing feedback initiative -- ABA urged the bureau to encourage consumers to contact their bank directly to express a concern with a product or service prior to filing a formal complaint with the CFPB.

In response to an executive order today by President Trump, the U.S. Department of Justice launched a new task force on market integrity and consumer fraud.

A group of 22 trade associations today wrote to congressional leaders urging them to take swift action to extend the National Flood Insurance Program to avoid a lapse in the program, which is set to expire on July 31.

How can bank directors equip themselves when it comes to approving programs and policies for financial crimes?

Thanks to a joint statement by the federal banking agencies today, the Dodd-Frank Act-mandated company-run stress tests have been ended for banks, as well as bank holding companies, with less than $100 billion in assets.

Reciprocal deposits can help banks succeed and keep local money working locally.

The Consumer Financial Protection Bureau, FDIC and OCC today each issued statements acknowledging the partial exemptions granted under S. 2155 -- the new regulatory reform law -- for certain Home Mortgage Disclosure Act data reporting requirements for some insured depository institutions and credit unions.

As they implement S. 2155, the Federal Reserve and the FDIC today said that they are beginning the process of determining which financial firms with assets of less than $250 billion will be subject to the requirement to submit resolution plans, also known as living wills.