Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits
Senate Passes Resolution Repealing CFPB Overdraft Rule; House Action Awaits Last week, the U.S. Senate voted to repeal the final rule from the Consumer Financial Protection Bureau (CFPB) to cap rate fees. The Senate passed Banking Committee Chairman Tim Scott’s...
OCC Announces It Will Remove “Reputation Risk” from Bank Examination Manual
OCC Announces It Will Remove “Reputation Risk” from Bank Examination Manual The Office of the Comptroller of the Currency (OCC) recently announced that it will remove the term “reputation risk” from its examination manual. The examination teams will not...
Trump Picks Michelle Bowman as Federal Reserve Vice Chair for Supervision
Trump Picks Michelle Bowman as Federal Reserve Vice Chair for Supervision Last week, as many watchers had anticipated, President Trump announced the nomination of Federal Reserve Governor Michelle Bowman as the agency’s Vice Chair for supervision. “Miki has been...
