FDIC holds line on bank fees despite sharp deposit growth


The agency’s insurance fund dipped below its statutory minimum last quarter thanks to the rapid rise in deposits, but officials say it should bounce back without a hike in premiums.


CFPB to release outline on small-business data rule


The bureau will detail how it will implement a Dodd-Frank Act provision requiring the agency to collect information on small-business lending in order to identify discrimination.


FDIC to discuss fund restoration plan next week


A pandemic-driven surge in bank deposits helped drive the agency's insurance reserves below their statutory minimum.


PPP lenders nearing $10B asset mark fear regulatory nightmare


Several community banks are warning Congress that their participation in the Paycheck Protection Program could cause them to cross a threshold that may lead to, among other things, supervision by the CFPB and a cap on interchange fees.


Will pandemic compel Congress to ease bank capital requirements?


Lawmakers don't appear ready to relax requirements yet, but they may do so in future legislation in hopes of spurring more bank lending.


CFPB chief welcomes GOP focus on restructuring of agency


Kathy Kraninger told the House Financial Services Committee that she supports proposed action to revamp the bureau's leadership framework following a major Supreme Court decision.


Fed's Powell makes case why Congress should relax bank capital rule


As Senate Republicans consider a new coronavirus relief package, the Federal Reserve chairman said easing the so-called Collins amendment would help financial institutions support the economy.


CFPB to propose rules for how companies access customer data


The agency plans to issue an advance notice of proposed rulemaking dealing with efforts by fintechs and data aggregators to leverage a consumer's bank account information.


Obama touts Dodd-Frank's staying power


Commemorating the law's anniversary, the ex-president, joined by former Sen. Chris Dodd and Rep. Barney Frank, said years of tenacious GOP opposition did little to change the post-crisis regulatory regime.


No bank should be paying dividends right now


The Fed’s recent action capping dividend payments might prove inadequate once the coronavirus crisis really hits banks’ capital.