NCUA Chairman Debbie Matz was named as a defendant in a lawsuit that challenges the constitutionality of the Consumer Financial Protection Bureau.
Plaintiffs challenge creation of CFPB and FSOC, Cordray's appointment.
JPMorgan Chase’s $2 billion failed credit risk hedge is different than the investments that led to the corporate credit union crisis. However, there are also similarities, according to industry investment experts. Specifically, overleveraging and a drive for income that compromised risk management.
A Minnesota based national bank has challenged the constitutionality of the law that would, for the first time, regulate debit card interchange.