House Financial Services Committee Members Call for Tax Reporting Proposal Hearing
Members of the House Financial Services Committee today called for a hearing to discuss controversial tax proposal requiring banks to...
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Chopra Addresses ‘Abusive’ Standard, Enforcement, 1033 Rulemaking in First Hill Appearance
In his first appearance before the House Financial Services Committee today, CFPB Director Rohit Chopra told lawmakers that although he...
FHFA Proposes Additional Public Disclosure Requirements for Fannie, Freddie
The Federal Housing Finance Agency today proposed additional public disclosure requirements for Fannie Mae and Freddie Mac.
FSB: COVID-19 Continues to Shape Financial Sector Vulnerabilities
The outlook for financial stability continues to be dominated by the economic fallout from the COVID-19 pandemic, according to a...
New Orders for Manufactured Durable Goods Decrease in September
New orders for manufactured durable goods in September decreased $1.0 billion or 0.4% to $261.3 billion, the U.S. Census Bureau...
Chopra: Increasing Competition, Focusing on ‘Repeat Offenders’ Priorities for CFPB
Stimulating “competitive intensity” in consumer financial markets will be a key priority for the CFPB under the leadership of Rohit...
OCC’s Hsu: Regulators See No Future for ‘Zombie’ Libor
With several tenors of Libor scheduled to sunset at year-end, Acting Comptroller of the Currency Michael Hsu today emphasized that...
Edwards: IRS Reporting Proposal Could Damage Trust in Banks; Manchin Also Opposes
A controversial Biden administration proposal that would require financial institutions to report information on gross inflows and outflows of all...
OCC Issues FAQs on Proposed Rule to Rescind 2020 CRA Regulations
The OCC today issued a set of frequently asked questions on its notice of proposed rulemaking to rescind its 2020...
EEOC Provides Employers with Religious Accommodation Guidance
With government and private-sector vaccine mandates taking effect soon, the Equal Employment Opportunity Commission yesterday updated its technical assistance question-and-answer...
