Rather than roll back provisions of the Dodd-Frank Act that have strengthened financial stability, policymakers should focus regulatory reform on tailoring rules for community banks.
Trust and transparency can be strengthened and like-minded borrowers and banks can be brought together if transactions are “tagged” and investments are explained, argues Bruce Cahan, adjunct professor at Stanford University.
Rather than just avoiding costly rules, cost-benefit analyses can also validate worthy ones. That is the case with proposals to toughen the leverage ratio.
Steven Mnuchin was confirmed 53 – 47 as Treasury secretary late Monday after two days of debate that included Democrats questioning the former banker's honesty.
Regional banks don’t pose risks to the financial system that have caused concern among policymakers, executives of 18 banks told top Republican and Democratic lawmakers in Congress.
JPMorgan Chase and Wells Fargo are among the large institutions that are making fewer car loans amid intense price competition and concerns about that lenders are at risk of bigger losses.
