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CFPB Announces Advisory Committee Appointments
October 5, 2023 / Source: CFPB
WASHINGTON, D.C. â Today, the Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to the Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. The Dodd-Frank Wall Street Reform and Consumer Protection Act charges the CFPB with establishing a Consumer Advisory Board to provide advice on a…
Remarks by Under Secretary for Terrorism and Financial Intelligence Brian Nelson at the U.S.-Mexico High-Level Security Dialogue
October 5, 2023 / Source: Treasury
As Prepared for Delivery Good morning. I am honored to join Secretary Blinken, Secretary Mayorkas, and Attorney General Garland today at the third U.S.-Mexico High-Level Security Dialogue. We appreciate the warm welcome and hospitality here in Mexico City. Treasury values our close and longstanding relationship with Mexican authorities in developing and implementing sanctions actions together…
The Role of Research, Data, and Analysis in Banking Reforms
October 4, 2023 / Source: FRB
At the 2023 Community Banking Research Conference sponsored by the Federal Reserve System, the Conference of State Bank Supervisors, and the Federal Deposit Insurance Corporation, St. Louis, Missouri It’s a pleasure to be back in St. Louis for the annual Community Banking Research Conference. I am grateful for the continued partnership between the Federal Reserve,…
Prepared Remarks of Seth Frotman, General Counsel and Senior Advisor to the Director, at New Jersey Citizen Action Education Fundâs 14th Annual Financial Justice Summit
October 4, 2023 / Source: CFPB
Lessons Learned: The Need for State and Federal Cooperation on Medical Debt Thank you so much for inviting me today. I think this might be the fourth or fifth time I have had the privilege of speaking at this wonderful event. Itâs always great to be back home in New Jersey to see what you…
Acting Comptroller Discusses Vital Work of International Data Hub
October 3, 2023 / Source: OCC
WASHINGTONâActing Comptroller of the Currency Michael J. Hsu today issued remarks via webcast at the BIS International Data Hub (IDH) 10th Anniversary Conference. In his remarks, Mr. Hsu discussed how the IDHâs work to gather and analyze data helps national authorities perform ongoing monitoring and analysis of key risks affecting the global financial system. He…
Treasury Targets Large Chinese Network of Illicit Drug Producers
October 3, 2023 / Source: Treasury
Action highlights U.S. whole-of-government approach to address fentanyl crisis WASHINGTON â Today, the U.S. Department of the Treasuryâs Office of Foreign Assets Control (OFAC) designated 28 individuals and entities involved with the international proliferation of illicit drugs, including a China-based network responsible for the manufacturing and distribution of ton quantities of fentanyl, methamphetamine, and MDMA…
Remarks by Assistant Secretary for Terrorist Financing and Financial Crimes Elizabeth Rosenberg at the Association of Certified Anti-Money Laundering Specialists Assembly Conference
October 2, 2023 / Source: Treasury
As prepared for delivery INTRO Good morning and thank you Kieran, and thank you to ACAMS for having me here virtually to speak to you today. Iâm honored by the invitation, and I wish I could have joined you all in person. My name is Elizabeth Rosenberg, and I am the Assistant Secretary for Terrorist…
Federal Reserve Board launches Instagram and Threads accounts with the aim of increasing the accessibility and availability of Board news and educational content
October 2, 2023 / Source: FRB
The Federal Reserve Board on Monday launched its Instagram and Threads accounts with the aim of increasing the accessibility and availability of Board news and educational content. The first post on Instagram will include a brief welcome video from Chair Jerome H. Powell. Instagram posts generally will include photos, videos, frequently asked questions and answers, economic education content and…
The law requires companies to delete disputed unverified information from consumer reports
October 1, 2023 / Source: CFPB
Credit reports are used to make decisions that affect every facet of peoplesâ lives. Credit reports compiled by consumer reporting companies are used by lenders, insurers, employers, landlords, and othersâyet these reports frequently contain errors. By one estimate, one in five Americans has an error on at least one credit report. Accordingly, it is critical that…
Four million complaints: More than just a milestone
October 1, 2023 / Source: CFPB
At the Consumer Financial Protection Bureau, consumer complaints help drive our work. They give us insight into what individuals and families are experiencing in the financial marketplace: the problems they face, whatâs happening at certain companies or with financial products, and the places where we might need to focus our supervisory and enforcement efforts. Each week,…
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Individual FinCEN Identifier Application
October 1, 2023 / Source: FinCEN
Release Date September 29, 2023 Agency Information Collection Activities; Submission for OMB Review; Comment Re⌠Action Type Notice and Request for Comment, Forms Renewal/Update
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Beneficial Ownership Information Reports
October 1, 2023 / Source: FinCEN
Release Date September 29, 2023 Agency Information Collection Activities; Submission for OMB Review; Comment Re⌠Action Type Notice and Request for Comment, Forms Renewal/Update
U.S. Department of the Treasury Releases Report on Climate Change and Household Finances
October 1, 2023 / Source: Treasury
WASHINGTON – Today, the U.S Department of the Treasury released a report prepared in consultation with members of the Financial Literacy and Education Commission, entitled The Impact of Climate Change on American Household Finances. The analysis in the report finds that more than half of U.S. counties â populated by millions of Americans â face heightened…
The FDICâs Orderly Liquidation Authority
October 1, 2023 / Source: FDIC OIG
The Federal Deposit Insurance Corporation Office of Inspector General has issued its report on The FDICâs Orderly Liquidation Authority. Before the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (DFA), the FDIC only had the authority to resolve FDIC-insured depository institutions. Title II of the DFA, Orderly Liquidation Authority (OLA) aimed…