The key to rightsizing regulation
Regulators could collaborate on a superagency to streamline laws. ... Read full article
Regulators could collaborate on a superagency to streamline laws. ... Read full article
Banks claim that regulators have been avoiding using a transparent public process to implement new regulations, opting instead to use informal guidance that has the impact of policy. ... Read full article
Stress tests have come a long way since first unveiled to shore up confidence in banks. But some critics fear that proposals to make the system more efficient would compromise its safety. ... Read full article
Sen. Bernie Sanders lashed out at Jamie Dimon on Twitter after the chief executive officer of JPMorgan Chase criticized socialism during an appearance in Washington. ... Read full article
The president says the Fed is giving China a competitive advantage; bank stocks gained after tariffs on Mexican imports nixed. ... Read full article
The U.S. still relies on antiquated payment processing technologies while other countries can process in real-time. What's the holdup? ... Read full article
The watchdog said the CFPB had trouble determining if some medical debt collectors were subject to its oversight, yet the exams were canceled before their start dates. ... Read full article
This is the first year that only the largest and most complex banks will be included after the Federal Reserve decided to let smaller firms wait until next year to resume testing. ... Read full article
The industry continues to push for an overhaul of the bureau’s leadership structure, but both parties seem uninterested. ... Read full article
Branches are closing at the fastest pace in years, and keeping them relevant to customers is a problem banks are being forced to solve in ever more creative ways. ... Read full article
The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important. ... Read full article
Regulators have taken a number of steps to implement last year’s reforms to Dodd-Frank, but there are several important items left on the to-do list. ... Read full article
The biggest deal in more than a decade has sparked debate about the pressure for more bank consolidation and whether consumers will be hurt. ... Read full article
The AGs say the agency's plan to rescind ability-to-repay requirements for payday loans would undermine states' ability to enforce their own laws. ... Read full article
The U.S. and Europe should continue to harmonize their banking rules, including for foreign banking operations, just as they did in the wake of the financial crisis. ... Read full article
The official told lawmakers Thursday that the research underlying the bureau's 2017 payday rule proposal did not support strict underwriting requirements of small-dollar loans. ... Read full article
Craig Phillips, who has been developing the Trump administration's plan to help free Fannie Mae and Freddie Mac from conservatorship, will leave Treasury next month. ... Read full article
Presidential candidates aren't talking about banking now, but that's likely to change as the Democratic primary heats up. ... Read full article
The Financial Stability Oversight Council first wanted to target individual nonbanks that are economically risky. Now it wants to target activities instead. Is that a good idea or a political ploy? ... Read full article
A proposal to give the Consumer Financial Protection Bureau jurisdiction over credit unions with $10 billion or more of assets has sparked a war of words between the longtime foes. ... Read full article