CFPB finalizes rule removing medical bills from credit reports
The CFPB finalized a rule removing medical debt and medical bills from credit reports. The rule also prohibits lenders from considering...
Policy
Fed’s Barr to step down as vice chairman for supervision
Barr will step down from his position on Feb. 28 or at an earlier date if a successor is confirmed....
Survey: Most banks anticipate growth in 2025
The survey by accounting firm Wipfli found that 97% of bank executives expected growth in the next 12 months, with...
Fed’s Cook identifies private credit, stablecoins among risks to financial stability
In a speech on financial stability, Federal Reserve Governor Lisa Cook said private credit, stablecoins, cyber threats and artificial intelligence...
Banks should remain open Jan. 9
While some news outlets have mistakenly announced that President Biden has declared Thursday, Jan. 9, a “federal holiday," that is...
Johnson reelected House speaker
Rep. Mike Johnson (R-La.) was reelected House speaker after receiving 218 votes. Johnson was first elected speaker in 2023.
Senate Banking Committee assignments announced
Sen. Tim Scott (R-S.C.) has been named chair of the Senate Banking Committee, with several new faces also joining the...
ABA, groups urge FHA to improve loss mitigation options for borrowers
ABA and several industry and consumer groups are asking FHA to extend the expiration date for pandemic-related protections for borrowers...
Agencies eliminate PSPA restrictions on Fannie Mae, Freddie Mac conservatorships
FHFA and Treasury Department will delete provisions in the preferred stock purchase agreements governing the conservatorships of Fannie Mae and...
OCC’s Hsu discusses deposit insurance reform, domestic bank regulation
Federal agencies have changed their supervisory practices regarding liquidity risk management since the failure of Silicon Valley Bank, but only...
