Regulators close to unveiling Volcker revamp: Sources


Wall Street watchdogs are poised to take a major step toward overhauling limits on banks’ ability to trade with their own funds, according to people familiar with the effort.


Regulators exempt community banks from Volcker rule


Bank regulators finalized a proposal to exclude small institutions from the proprietary trading ban, as required by last year’s reg relief bill.


OCC seeks comment on fintech pilot program


The proposed program would allow companies to test innovative products that “present significant opportunities or benefits” for consumers, businesses and other financial institutions.


Regulators instructed to clear new rules with White House


The Trump administration directed independent agencies to submit their pending regulations for review by the Office of Information and Regulatory Affairs, a novel procedural hurdle that could slow down policy changes.


Bank regulators are getting serious about innovation


Despite complaints about the slow pace of change within government, policymakers, including agency heads, are increasingly focused on modernizing regulation, an important step forward for the industry.


Hard Brexit is a systemic risk to U.S. banks


A no-deal Brexit could throw the international swaps market into disarray in a way that could be difficult to predict, and could have dire consequences for U.S. banks and the world economy.


Wells called priciest bank for students; Senate bill targets 'live' checks


A CFPB report says the bank is the most expensive bank for college students; lenders would be banned from mailing high-interest loans disguised as checks.


U.S. swap rollback is a gift to banks, Citadel Securities says


The CFTC's plan to walk back rules for swap-trading platforms will give big banks a leg up and hurt asset managers looking for better prices and more transparency, according to Citadel Securities, one of the world's biggest trading firms.


Volcker 2.0 unites banks and their critics in opposition


Bankers say the agencies’ proposed rewrite of the trading ban would do more harm than good, while the Volcker Rule’s most ardent supporters worry the overhaul will enable risky behavior by the largest institutions.


Who's on first? The confusing state of federal fintech regulation


A week after the Treasury Department laid out a plan for federal fintech regulation, it is already unclear which agency is leading the charge.