Compliance

Regulators 'full steam ahead' on CRA reform despite coronavirus pandemic

04/08/20

Lenders and community groups say it's a mistake for the banking agencies to move forward during a national crisis. But Comptroller of the Currency Joseph Otting says updated Community Reinvestment Act rules would speed relief to neighborhoods and small businesses.

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Fed eases Wells Fargo's asset cap to allow for more business lending

04/08/20

The Federal Reserve is temporarily altering the growth restriction it placed on Wells Fargo in 2018 so that the bank can make additional loans to small and midsize business that need funding to weather the coronavirus pandemic.

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NCUA extends comment period for credit union-bank purchase proposal

03/30/20

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend.

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Corbat urges caution; Goldman donates masks

03/27/20

Citigroup CEO says it’s a “fine line” between supporting customers and burdening them with debt; Goldman gives away 600,000 N95 masks it had from prior scares.

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CFPB postpones quarterly HMDA reporting

03/26/20

The reprieve from mortgage data collection was among several changes to the agency’s supervisory and enforcement procedures to help firms responding to the COVID-19 pandemic.

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Time for Congress to put an end to CECL

03/25/20

Policymakers should abolish the new accounting standard because it could distract banks at exactly the moment they need to be focused on pulling their communities from the brink of recession.

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Calls for CECL delay expose standard's flaws

03/24/20

If the new accounting standard poses too many risks during an economic crisis, then it's probably not a good idea at all.

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How regulators can kick COVID-19’s bank shock into remission

03/17/20

There are several forbearance measures the agencies can take now to keep banks from failing in a downturn triggered by the coronavirus.

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OCC did its part to secure customer data. Now it’s CFPB’s turn.

03/16/20

The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection.

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Former FDIC chairman, banking veteran launch bank consulting firm

03/12/20

William Isaac and Howard Milstein plan to provide advice to U.S. and foreign banks of all sizes.

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