FDIC Looking To Reduce Staff By 1,250

FDIC Looking To Reduce Staff By 1,250

FDIC Looking To Reduce Staff By 1,250 An internal memo sent to staff last month at the Federal Deposit Insurance Corp. (FDIC) revealed that the agency is looking to reduce its staff by 1,250, a downsizing of 20 percent. The 1,250 figure includes roughly 500 employees...
CFPB Drops Enforcement of Nonbank Registry

CFPB Drops Enforcement of Nonbank Registry

CFPB Drops Enforcement of Nonbank Registry Last week, the Consumer Financial Protection Bureau (CFPB) announced that it will not prioritize enforcement of a regulation creating a registry for nonbank financial companies that have broken consumer laws and have been...
CFPB Scraps Credit Card Late Fee Rule

CFPB Scraps Credit Card Late Fee Rule

CFPB Scraps Credit Card Late Fee Rule The Consumer Financial Protection Bureau (CFPB) has chosen to abandon its rule imposing an $8 limit on credit card late fees, according to a consent judgment motion filed this week. The agency and other industry groups like the...
CFPB Says It Won’t Enforce Payday Rule

CFPB Says It Won’t Enforce Payday Rule

CFPB Says It Won’t Enforce Payday Rule Last Friday, two days before it was set to go into effect, the Consumer Financial Protection Bureau (CFPB) said that it would not prioritize enforcement or supervision actions with regard to any penalties or fines under the...

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