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News & Headlines

Regulators Issue Proposal to Increase Mandatory CRE Appraisal Thresholds

The federal regulatory agencies issued a proposal to increase the threshold for required appraisals for commercial real estate transactions from $250,000 to $400,000 following the FDIC’s board meeting on Tuesday.

State Bankers Associations Urge Congress to Take Action to Block Arbitration Rule

State bankers associations from all 50 states and Puerto Rico on Friday wrote to Senate leadership urging lawmakers to use their Congressional Review Act authority to stop the CFPB’s final arbitration rule from taking effect.

Trump Names Quarles as Fed Vice Chairman for Bank Supervision

The White House on Monday announced that President Trump will nominate Randal Quarles to serve as vice chairman of the Federal Reserve for financial institution supervision.

CFPB Finalizes Rule Dramatically Curtailing Arbitration Agreements

The Consumer Financial Protection Bureau yesterday finalized a rule that prohibits customers from waiving their ability to participate in class action suits and limits the use of mandatory arbitration agreements for financial products and services.