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May 18, 2012 -
WASHINGTON (5/18/12)--The Credit Union National Association (CUNA) strongly supports Sen. Mike Johanns' (R-Neb.) introduction of legislation that would ease current ATM fee disclosure regulations, which "will protect cre...
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May 18, 2012 -
WASHINGTON -- Senator Tim Johnson (D-SD), Chairman of the Senate Banking Committee, released the following statement regarding the Committee’s upcoming oversight hearings.
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May 18, 2012 -
The Federal Reserve Board on Thursday announced the termination of the enforcement action listed below:
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May 17, 2012 -
The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on April 24-25, 2012. A summary of economic projections made by Federal Reserve Boa...
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May 16, 2012 -
Real average hourly earnings for all employees was unchanged from March to April, seasonally adjusted,
the U.S. Bureau of Labor Statistics reported today. This stems from no change in both the Consumer Price Index for ...
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May 16, 2012 -
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in April on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2...
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May 16, 2012 -
Washington, May 15 - The Financial Services Committee continues its in-depth look at the 2,300-page Dodd-Frank Act with a subcommittee hearing on Wednesday examining the designation of non-bank financial institutions as ...
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May 16, 2012 -
The Financial Services Committee will hold a hearing on Thursday to examine the settlement practices of federal financial regulators.
Federal regulators often settle enforcement actions against defendants to quickly i...
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May 16, 2012 -
Washington, May 15 - Financial Services Committee Chairman Spencer Bachus released the following statement on the Committee's plan to hold a hearing on the JPMorgan Chase trading loss that was disclosed last week:
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May 15, 2012 -
WASHINGTON (5/15/12)--Hearings on the Financial Stability Oversight Council's (FSOC) authority, regulator-led legal settlements, and the Dodd-Frank Wall Street Reform Act highlight the schedules of the House Financial Se...
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May 15, 2012 -
WASHINGTON -- Senator Tim Johnson (D-SD), Chairman of the Senate Banking Committee, released the following statement on upcoming Wall Street reform implementation hearings.
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May 15, 2012 -
The Oversight and Investigations Subcommittee will vote Wednesday on whether to subpoena documents from the Department of Housing and Urban Development related to the agency’s administration of the HOME Investment Partne...
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May 15, 2012 -
The Federal Reserve Board on Tuesday announced the execution of the following enforcement action:
Grand Bankshares, Inc. (PDF), West Palm Beach, Florida. Written Agreement dated May 9, 2012
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May 15, 2012 -
Three federal banking agencies Monday issued a joint statement to clarify expectations for stress testing by community banks--banks, savings associations, and bank and savings and loan holding companies with $10 billion ...
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May 15, 2012 -
The Federal Reserve Board, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation on Monday issued final supervisory guidance regarding stress-testing practices at banking organizati...
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May 14, 2012 -
May 14, 2012 – Merchant groups argued anew that the Federal Reserve’s debit interchange rule doesn’t satisfy the Durbin amendment of the Dodd-Frank Act in a reply brief filed Friday in federal district court.
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May 11, 2012 -
May 11, 2012 – Sen. Richard Durbin, D-Ill., on Wednesday filed an amicus brief supporting merchants in their suit claiming the Federal Reserve Board’s debit interchange rule did not carry out the intent of the Dodd-Frank...
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May 11, 2012 -
Thank you for having me here today. Engagement on consumer financial issues is important to this country. Each one of us, whether from the public, private, or nonprofit sector, should have certain goals in common: a stro...
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May 10, 2012 -
Small financial institutions are being hit especially hard by the rising cost of regulations, and the impact of more red tape is a threat to the existence of small town community banks and credit unions, witnesses told a...
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May 9, 2012 -
May 9, 2012 – Costco Wholesale has begun working with several small banks and other mortgage providers to make mortgage services available to its membership, which includes about 64 million, the American Banker reported....
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May 8, 2012 -
May 8, 2012 – March was a record month for consumer credit lending at financial institutions overall, but credit unions reported far less robust numbers, with the industry’s share of the consumer credit pie slipping 5 ba...
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May 8, 2012 -
WASHINGTON – Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing entitled “Expanding Refinancing Opportunities to Improve the Housing Market.” The Committee heard from HUD Secretary Shaun Donovan,...
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May 8, 2012 -
There were 3.7 million job openings on the last business day of March,
little changed from February but up significantly from a year earlier,
the U.S. Bureau of Labor Statistics reported today. The hires rate
(3.3 per...
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May 7, 2012 -
May 7, 2012 – The housing market, flood insurance and federal support for financial institutions are slated for discussion this week in hearings of the Senate Banking Committee and its subcommittees.
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May 7, 2012 -
The Federal Financial Institutions Examination Council (FFIEC) has recently upgraded the functions and features of the InfoBase for the FFIEC Information Technology Examination Handbook (IT Handbook). The IT Handbook con...
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May 7, 2012 -
The Financial Services Subcommittee on Domestic Monetary Policy and Technology, chaired by Rep. Ron Paul, will hold a hearing on Tuesday to examine six legislative proposals that either reform or abolish the Federal Rese...
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May 7, 2012 -
Security Bank, National Association, North Lauderdale, Florida, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect ...
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May 4, 2012 -
May 4, 2012 – Of respondents to a recent survey by Pew Charitable Trusts on overdraft fees, 75 percent said they would rather have their debit-card transaction declined than incur an overdraft fee, and nearly three-fourt...
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May 4, 2012 -
Bureau of Labor Statistics Economic News Release: Employment Situation.
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May 3, 2012 -
May 3, 2012 – Rep. Elijah Cummings of Maryland and other House Democrats continue to press for principal forgiveness on underwater mortgages held by Fannie Mae and Freddie Mac.