BankThink

Scrutiny of Wells Fargo Will Now Shift to the Board

11/15/16

Following the regulatory orders against Wells Fargo and the resignation of its CEO, stockholders are likely to ask whether the board has responsibility and even liability for the bank's compliance failures.

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Innovation Will Stall Without a Regulatory Fintech 'Sandbox'

11/15/16

Refusing to let innovators experiment in a permissive environment keeps regulators in the dark, and ultimately, prevents progress in financial services.

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How Fed Can Reform Itself to Preempt Trump-Inspired Overhaul

11/15/16

The Trump administration will not approach economic policy like the Federal Reserve does, but the central bank can still address its own problems before the new administration intervenes.

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Morning Scan: SEC Chair Leaving; GAO to Release Stress Test Review

11/15/16

Receiving Wide Coverage ...

White to leave: Securities and Exchange Commission Chairman Mary Jo White said she plans to step down in January at the end of the Obama administration, "opening the door to a new Republican-appointed leader who could move to loosen rules on Wall Street and curb the aggressive enforcement approach Ms. White prosecuted," in the words of the Wall Street Journal. White is the first major Obama appointee to announce a departure after...

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Banking's Ethics Problems Run Much Deeper than Wells Fargo

11/14/16

The same incentives structure that encouraged bad behavior at the bank can be blamed for ethical mishaps in other industries as well as the government.

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Why Housing Should Rank High on Trump's Domestic Agenda

11/14/16

The president-elect faces major questions about credit access, affordable housing, the future of Dodd-Frank and the structure of the Consumer Financial Protection Bureau and the extent to which he will act upon them remains unclear.

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Morning Scan: Trump Has Dodd-Frank Plans, Mum on Fannie, Freddie

11/14/16

Wall Street Journal

Dismantling Dodd-Frank: Rather than fully repealing the Dodd-Frank act, Donald Trump's transition team is instead looking at dismembering the parts of it that "Republicans find most objectionable," according to the Wall Street Journal. One part they want to jettison is the Financial Stability Oversight Council's authority to designate large nonbanks as "systemically important." Another priority is overhauling Title II, which gives regulators the authority to take over a failing bank and liquidate it...

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Open Letter to Trump: Weigh the Costs of Regulation

11/11/16

Regulatory costs may be warranted, but neither Congress nor the executive branch assessed the cost of the Dodd-Frank Act before its enactment.

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How Out-of-Date Remittance Rules Worsen De-Risking

11/11/16

While remittances may pose higher risks than services like bill pay, they are absolutely necessary in an age of unprecedented migration. It's high time state and federal regulators update the rules to help inspire banks to re-risk.

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Morning Scan: Trump Takes Aim at Dodd-Frank, Fiduciary Rule

11/11/16

Receiving Wide Coverage ...

Goodbye Dodd-Frank: President-elect Trump's transition team said it would dismantle the Obama administration's signature post-crisis financial reform law. Republicans are "salivating over a wish list of Dodd-Frank changes that until recently stood little chance of avoiding President Barack Obama's veto pen," the Wall Street Journal said. "The lineup includes everything from regulatory exemptions for community banks and regional banks to a new regime for insurers and asset managers to curbs on the...

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