Jon Hill

The Trump administration is withdrawing Biden-era guidance that encouraged banks and other lenders to offer specialized programs to boost credit access for underserved borrowers, according to a new Federal Register notice. 

The Consumer Financial Protection Bureau said Friday that it will stop publishing consumer complaint narratives and data visualizations, a move that consumer advocates warn will limit public visibility into patterns of alleged financial company misconduct.

The Office of the Comptroller of the Currency on Friday preliminarily approved a closely watched charter application from World Liberty Financial, moving the Trump family-tied cryptocurrency venture closer to launching a federally regulated trust bank.

Blue States Say OCC Overstepped On Escrow Interest Rules

The Office of the Comptroller of the Currency has denied European digital bank Bunq's application to charter a U.S. bank, citing "significant" concerns around the financial resources, business plan and managerial competence of the proposed offshoot.

The Office of the Comptroller of the Currency has denied European digital bank Bunq's application to charter a U.S. bank, citing "significant" concerns around the financial resources, business plan and managerial competence of the proposed offshoot.

The U.S. Department of Justice has asked a Colorado federal court to pause deadlines in its appraisal discrimination case against Rocket Mortgage LLC, saying both sides agree there's a "reasonable prospect" for a settlement and want time to explore it further.

Republicans on the House Financial Services Committee are calling on the Federal Reserve to explore what else can be done to speed up its bank merger reviews, urging it to look into clearing long-delayed applications and allowing more approvals without a board vote.

The Consumer Financial Protection Bureau's acting Director Russell Vought told a U.S. House of Representatives panel Wednesday that the agency shouldn't "exist in its current form," urging lawmakers to further rein in its funding and authority as he prepares to exit as interim chief.

Federal regulators on Monday cautioned banks and credit unions about lending to "non-work authorized" individuals, issuing guidance that flags repayment concerns about such borrowers as part of President Donald Trump's push to curb banking access for unauthorized immigrants.