On February 2, 2018, the Fed announced that it issued a consent Cease and Desist order with Wells Fargo—the bank holding company. The Fed’s press release noted that Wells is replacing 4 directors within this year (out of 17...more
2/6/2018
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Banking Sector ,
Banks ,
Board of Directors ,
Cease and Desist Orders ,
Federal Reserve ,
Financial Institutions ,
Regulation YY ,
Risk Management ,
Senior Managers ,
Wells Fargo
With a straight face, President Trump has issued an executive order on June 20th that would expand Apprenticeship opportunities in the US in order to expand jobs. The CFTC has adopted some final rules on records...more
8/10/2017
/ Appraisal ,
Arbitration Agreements ,
Burma ,
China ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Unions ,
Creditors ,
Executive Orders ,
FDIC ,
Federal Reserve ,
Financial Services Industry ,
FinCEN ,
Interest Rates ,
Mergers ,
Mortgage Lenders ,
Mortgage Servicers ,
NCUA ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
RESPA ,
Trump Administration
Yesterday the Fed published a proposed guidance document for its expectations for board of directors of banks. The release only applies to the boards of banks with over $50 billion in consolidated assets, but the intent of...more