Compliance

Takeaways from ex-Wells Fargo board members’ visit to Congress

03/11/20

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.

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Democrats beat up on Wells Fargo CEO. GOP says it's time to move on.

03/10/20

House Democrats maintained their criticism of the bank during Charlie Scharf's first hearing, but Republicans suggested it is on better footing now that many top leaders have been replaced.

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Stop shaming the big banks

03/10/20

Community bankers keep harping on the illusory issue of "too big to fail." If they're serious about strengthening the economy, they should make more of an effort to unite the industry, not divide it.

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House hearing still on for former Wells Fargo board members

03/09/20

The House Financial Services Committee is still planning to have former Wells Fargo board members Betsy Duke and James Quigley testify after announcing their resignations.

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Wells Fargo's Betsy Duke quits before turn in Washington hot seat

03/09/20

The bank's board chair and fellow director James Quigley abruptly resigned early Monday. Both are scheduled to appear before the House Financial Services Committee this week.

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When’s the last time a lawmaker needed a small-dollar loan?

03/09/20

Maybe Congress shouldn’t be so quick to change laws without real-world input.

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CFPB proposes legislation to pay whistleblowers who tip off agency

03/06/20

The agency's effort to engage with lawmakers on a whistleblower award program is one of three initiatives the bureau announced to advance its strategy of preventing consumer harm.

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'Too big to fail' is alive and Wells

03/06/20

Wells Fargo remains the TBTF poster child and regulators continue to do too little to address the problem. And as always, small banks suffer collateral damage.

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How regulators maneuvered to oust Tim Sloan at Wells Fargo

03/05/20

The bank said it was Sloan's decision to retire, but a new report from House Democrats reveals that Fed and OCC officials made moves behind the scenes in 2018 and 2019 to pressure the bank's board to remove him.

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CRA reforms would bolster CDFI-bank relationships

02/25/20

Giving more Community Reinvestment Act credit to such partnerships will help low-income communities, despite industry concerns.

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