Clifford Rosenthal, CEO of the National Federation of Community Development Credit Unions, is leaving the federation to take a position with the Consumer Financial Protection Bureau.
Senate Banking chair wants to know if examination procedures are hurting the ability of small financial institutions to do responsible lending.
Consumer Financial Protection Bureau Director Richard Cordray said his agency is discussing how best to proceed on additional regulations concerning overdraft protection and other checking account disclosures. The CFPB could issue proposed rules later this year.
If John Worth worked at the United Nations, he might be helping delegates understand a language that is quite different from their native tongues.
Saying that it failed to disclose the risks to two now-defunct corporate credit unions, the NCUA is suing the company formerly known as Wachovia Securities.
Employers added 120,000 jobs last month and the unemployment rate dropped slightly to 8.6%, the Labor Department reported Friday.
Agency goes after firm now known as Wells Fargo Securities for mortgage-backed securities sales to U.S. Central, WesCorp.
Agency says $165.5 million will help lower future costs of corporate rescues.
At press time, the fate of the credit union tax exemption was still up in the air.
The NCUA has failed to prove that J.P. Morgan Securities the firm made “material misrepresentations” to the corporate credit unions when selling them residential mortgage-backed securities, according the firm’s court filing. And with that J.P. Morgan asked a federal judge to dismiss the agency’s June lawsuit against it.