What: The Equipment Leasing and Finance Association is hosting a free webinar, “Section 1071: It WILL Affect Your Operation - Here’s How, And What You Can Do To Prepare.” When: Wed., June 21, 1-2 p.m. EDTHighlights: Now that the CFPB finalized the...
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June 14, 2023, 07:20 AM
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The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. Lenders will collect and report...
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March 31, 2023, 07:25 AM
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The Equipment Leasing and Finance Association has responded to the Consumer Financial Protection Bureau’s (CFPB) proposals regarding Section 1071. The association has remained actively engaged with the CFPB to make sure Section 1071 of Dodd-Frank...
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December 18, 2020, 07:25 AM
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ELFA is sharing with with association membership the following message from the CFPB regarding a survey effort they are undertaking:The Consumer Financial Protection Bureau (Bureau) is conducting a survey of institutions offering small business...
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July 28, 2020, 06:50 AM
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The Federal Deposit Insurance Corporation announced that the Deposit Insurance Fund Reserve Ratio reached 1.36 percent, exceeding the statutorily required minimum reserve ratio of 1.35 percent ahead of the Sept. 30, 2020, deadline required under the...
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November 30, 2018, 06:00 AM
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New financial reform legislation easing the Dodd-Frank Act (DFA) for smaller and custodial banks is not likely to be a near-term ratings issue but could be negative for some banks' credit profiles over the long term, if it results in significantly...
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May 29, 2018, 07:20 AM
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The Federal Deposit Insurance Corporation (FDIC) and the Federal Reserve Board on Tuesday announced that Bank of America, Bank of New York Mellon, JP Morgan Chase, and State Street adequately remediated deficiencies in their 2015 resolution plans....
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December 14, 2016, 07:18 AM
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The Federal Reserve Board issued a final rule establishing annual assessment fees for its supervision and regulation of large financial companies. For the 2012 assessment period, the first year for which assessment fees will be collected, the Board...
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August 19, 2013, 07:00 AM
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Reuters reported regulators on Monday proposed designating GE Capital, American International Group Inc, and Prudential Financial for heightened regulatory oversight. According to the report, the Financial Stability Oversight Council said it had...
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June 04, 2013, 07:08 AM
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The U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness (CCMC) released the “Fix, Add, Replace (FAR) Agenda” outlining the Center’s priorities for meaningful financial regulatory reform. The FAR Agenda tackles specific provisions of...
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April 05, 2013, 07:10 AM
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The Federal Reserve Board has proposed rules to strengthen the oversight of U.S. operations of foreign banks. The proposal would require foreign banking organizations with a significant U.S. presence to create an intermediate holding company over...
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December 17, 2012, 07:00 AM
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The Federal Reserve Board is considering changes to the implementation timeline for the annual company-run stress test requirements required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The changes under consideration would delay...
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August 28, 2012, 07:52 AM
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Reuters reported that nine of the largest global banks expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as U.S. regulators released public portions of these banks' "living wills".According to...
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July 05, 2012, 08:00 AM
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Reuters reported that five of the largest U.S. banks are crafting plans for going out of business as part of the government-mandated contingency planning created by the Dodd-Frank financial reform law designed to end too-big-to-fail bailouts from the...
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June 27, 2012, 08:00 AM
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Odessa Technologies, the developer of the LeaseWave suite of products, a fully integrated end-to-end lease and loan management solution, has published the second in a series of White Papers about the Dodd-Frank Act.The Dodd-Frank Act, named after its...
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June 26, 2012, 07:30 AM
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Bloomberg reported Treasury Secretary Timothy F. Geithner has challenged bankers to give him specifics on their complaint that the Dodd-Frank Act is imposing costly, confusing and burdensome regulations on them, according to four people familiar with...
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June 06, 2012, 07:30 AM
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Odessa Technologies, Inc., the developer of the LeaseWave suite of products, a fully integrated end-to-end lease and loan management solution, has published the first in a series of White Papers about the Dodd-Frank Act.The Dodd-Frank Act, named...
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May 16, 2012, 06:30 AM
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Bloomberg reported the largest U.S. banks, including JPMorgan Chase & Co. and Goldman Sachs Group Inc., told the Federal Reserve that a limit on their credit exposure is unnecessary and “fundamentally flawed.” According to the report, the Federal...
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April 30, 2012, 07:30 AM
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Bloomberg Businessweek reported the world’s largest banks have presented a list of changes to a proposed U.S. ban on proprietary trading, seeking to escalate the lobbying effort against the Volcker rule five months before it takes effect.According to...
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February 14, 2012, 07:30 AM
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