Fed’s Barr urges banking regulators to keep pushing for reforms
In one of his final speeches as vice chairman for supervision, Federal Reserve Governor Michael Barr pushed back against criticisms...
Compliance and Risk
CFPB launches ‘tip line’ to report on bureau employees
The acting director of the CFPB has opened a “tip line” for financial institutions and other businesses to report on...
Study suggests AI-generated ‘fake news’ could harm banks
A recent poll of U.K. residents found that most were likely to withdraw their money from a bank after being...
FinCEN extends BOI reporting deadlines
FinCEN announced that beneficial ownership reporting requirements are back in effect after a federal court lifted the remaining nationwide injunction...
Court lifts remaining nationwide injunction on BOI collection
A federal court has lifted its nationwide injunction on beneficial ownership information collection, citing a U.S. Supreme Court ruling in...
Fed’s Daly seeks balance in bank regulation
Citing growing concerns from community bankers about the regulatory burden on their institutions, San Francisco Fed President Mary C. Daly...
Powell: Creation of Fed vice chair for supervision led to ‘volatility’
Federal Reserve Chairman Jerome Powell said there was “less volatility” on the Fed board before the creation of a vice...
ABA urges ‘same risk, same regulation’ for digital assets
Lawmakers should apply the principle of “same activity, same risk, same regulation” and ensure the resulting ecosystem operates with safeguards...
Fed’s Powell pressed on regulatory gaps amid CFPB hiatus
Federal Reserve Chairman Jerome Powell said that “no other federal regulator” is examining large banks to ensure they are complying...
Trump confirms goal to shutter CFPB
President Trump confirmed that he plans to close down the CFPB, which he said “was set up to destroy some...
