The case before the court deals mainly with a statutory clause limiting the president’s ability to fire a CFPB director. But briefs filed with the court say striking that provision does not fully solve the bureau’s constitutional problems. ... Read full article
A new system uses biometrics and distributed ledger technology to safeguard call centers from identity theft attacks. ... Read full article
It's long past time for the National Credit Union Administration to implement a risk-based capital standard, and the recently approved delay could hurt more than it helps. ... Read full article
Apollo Bank's agreement to be sold to a credit union has bankers worried there will be larger such sales in 2020. ... Read full article
The agency’s director previewed a policy for companies under enforcement action to have their orders terminated if they comply ahead of schedule. ... Read full article
Yale researchers have recommended several consumer banking products and services that could help those with mental health challenges manage their money. ... Read full article
An Indiana bank is looking to complete the first outright purchase of a credit union since the financial crisis. Though hurdles exist, some industry observers say more such deals are doable. ... Read full article
First Bank of Berne has agreed to acquire Adams County Credit Union, flipping the script in a year in which 14 credit unions have announced deals to buy banks. ... Read full article
Fannie Mae and Freddie Mac’s exemption from the Qualified Mortgage rule is on borrowed time, but a House bill would allow lenders to use the mortgage giants’ guidelines for documenting borrower income. ... Read full article
Unlike previous central bank chiefs, Powell’s chances of being renominated by either the current president or many of the Democratic contenders are slim. ... Read full article
The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions." ... Read full article
A special committee in the state Senate has recommended not to move forward on a proposed bill to tax credit unions above a certain asset threshold. ... Read full article
A letter from the Ohio Democrat claims Rodney Hood, chairman of the National Credit Union Administration, is using social media to "inappropriately curry favor with the president, seriously compromising the independence of the agency." ... Read full article
Will the justices go further than answering constitutional questions about the bureau's leadership structure? ... Read full article
The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals. ... Read full article
The move to alter the government's preferred stock purchase agreements is the first major one under FHFA Director Mark Calabria's tenure to wind down the conservatorship of the government-sponsored enterprises. ... Read full article
