(May 6, 2024) – The Federal Deposit Insurance Corporation (FDIC), the Office of the Comptroller of the Currency (OCC), and the Federal Housing Finance Agency (FHFA), have adopted a Notice of Proposed Rulemaking (NPR) to address incentive-based compensation arrangements, as required under section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (section 956). The National Credit Union Administration (NCUA) is expected to take action on the NPR in the near future.
(CN) — The Federal Trade Commission’s decision to invalidate virtually all employee noncompete agreements — including ones already in place that cover 30 million workers — will mean big changes in the workplace as businesses seek new ways to protect themselves against employees taking valuable information when they leave to join a rival.
ST. PAUL, Minn. — In the early morning of Saturday, May 4th, the Minnesota Senate passed Senate File 4699, the Health and Human Services omnibus bill, which contained several pieces of legislation authored by Senator Liz Boldon (DFL-Rochester). Most notable, the bill includes provisions from her Minnesota Debt Fairness Act and several proposals relating to mental healthcare.
(Reuters) - U.S. banks reported renewed weakening in demand for industrial loans and a decline in household demand for credit in the first quarter of the year, according to a Federal Reserve survey of senior loan officers published on Monday.
The bureau alleges two student loan servicers violated the Consumer Financial Protection Act.
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