Write banking rules that withstand political winds


Regulations that merely reflect the beliefs of whoever’s in power undoubtedly get unwound by the next round of leaders. Policies will stand the test of time if they are focused on addressing inequalities in the financial system.


Ex-chair of Senate Banking panel to retire after 2022 midterms


Sen. Richard Shelby. R-Ala., served two stints as head of the committee. He announced Monday that he will not run for reelection when his term expires.


OCC again overreaches on preemption law


Brian Brooks, the acting comptroller of the currency, used a selective (and dubious) interpretation of the Dodd-Frank Act to argue for more say on when banks can preempt state law.


CFPB sets stage for long fight on data-sharing rule


As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want data to flow more freely and those who prioritize security.


ABA names Pinder as new general counsel


Thomas Pinder held jobs at the Justice Department and FDIC before coming to the American Bankers Association in 2012.


Fed aims to give less complex banks relief in capital planning rule


The central bank issued a proposal aligning recent stress testing changes with supervisory standards that are tailored to an institution's size and complexity.


CFPB data collection rule could exempt smallest small-business lenders


The agency finally detailed how it may implement congressional requirements to collect information on credit to small businesses. Lenders below certain asset thresholds and that make few business loans could be off the hook.