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Tag Archives: Banks

CFPB Finalizes Privacy Policy Disclosure Rule

The Consumer Financial Protection Bureau (CFPB) on Monday announced the finalization of a rule proposed in May that would allow companies that limit consumer data-sharing to post privacy notices online instead of delivering them individually.

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Fed Governor Proposes Higher Capital Surcharge on Big Banks

In an effort to avoid a repeat of the 2008 financial crisis, Fed Governor Daniel Tarullo announced on September 9 to the Senate Banking Committee that the Federal Reserve is planning to impose a capital surcharge on the nation's biggest banks that is higher than that of their international counterparts.

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Federal Agencies Approve New Liquidity Coverage Rule for Large Banks

Three federal agencies – the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) finalized a rule with regards to the "liquidity coverage ratio" (LCR) of large financial institutions, the Federal Reserve announced on September 3.

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