The Consumer Financial Protection Bureau released a report on Monday on consumer complaint trends in 2014. While complaint volume rose 53 percent from 2013 to 2014, the steady monthly increase in 2013 tapered off in 2014, averaging about 20,000 per month.
Comptroller of the Currency Thomas Curry today urged Congress to pass ABA-supported legislation that would provide federal savings associations with more flexibility to serve their customers while retaining their unique charter.
President Obama today issued an executive order that authorizes the Treasury Department to impose financial sanctions on foreign cyber attackers — both individuals and corporate entities.
An investigative story in today’s issue of Willamette Week, a newspaper in Portland, Oregon, critically examined whether Oregon’s credit unions are serving individuals of modest means.
The Financial Accounting Standards Board has approved an exposure draft that would defer the effective date of its new revenue recognition standard by one year.
Commercial banks reported total trading revenue of $22.7 billion in 2014, 3 percent higher than in 2013, according to the OCC’s Quarterly Report on Bank Trading and Derivatives Activities released today.
Does the federal bank examination privilege control whether a bank holding company must produce examination and enforcement documents?
The Consumer Financial Protection Bureau yesterday released a new toolkit to “help consumers take full advantage of the new Loan Estimate and Closing Disclosure forms that lenders are required to begin providing in August.”
ABA on Monday welcomed the Consumer Financial Protection Bureau’s proposed changes — many previously advocated by ABA — that will increase the number of banks able to benefit from the bureau’s small creditor and rural or underserved area exemptions in its mortgage rules.