Fed draws line in sand on easing big banks’ burden
Regional banks were the ultimate winners in the Federal Reserve’s proposal to tailor supervision, but rules for the biggest banks remained largely unchanged. ... Read full article
Regional banks were the ultimate winners in the Federal Reserve’s proposal to tailor supervision, but rules for the biggest banks remained largely unchanged. ... Read full article
The central bank will hold an open meeting Oct. 31 to discuss changes to the enhanced supervisory regime as required by the regulatory relief bill passed in May. ... Read full article
A detailed breakdown released by the agency shows residents in California, Florida and Texas having submitted the most complaints about a financial institution, but D.C. had the most per-capita complaints. ... Read full article
Bankers say the agencies’ proposed rewrite of the trading ban would do more harm than good, while the Volcker Rule’s most ardent supporters worry the overhaul will enable risky behavior by the largest institutions. ... Read full article
Efforts to soften the ban on proprietary trading, now up for debate by regulators, put the country and taxpayers at risk once again. ... Read full article
The Financial Stability Oversight Council announced Wednesday that it was rescinding the SIFI label for Prudential, a culmination of almost a decade of fierce debate about how regulators should address the risk of nonbank financial firms. ... Read full article
The consumer bureau’s interim chief told an industry conference that “regulation by enforcement is done.” ... Read full article
The legislative highlights of his career as House Financial Services Committee chairman were bills too extreme to become law. But the retiring lawmaker says they were still worth pursuing. ... Read full article
A proposal to ease the leverage ratio for the country’s largest institutions raises questions about whether safety and soundness remain the top priority for the banking agencies. ... Read full article
The legislation would require the restructuring of financial institutions that have a total exposure exceeding 3% of the nation’s GDP. ... Read full article
Financial regulators sought to walk a fine line Tuesday between reassuring Republican senators that they are quickly implementing regulatory relief and defending themselves against Democratic criticism that they are going too fast. ... Read full article
Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Now she's in charge as it grapples with difficult questions and sets out to reshape the industry. ... Read full article
A proposal to let certain thrifts operate like national banks blurs the line even further between the two institution types. ... Read full article
The agency wants more information as it conducts fair-lending exams, but conflicting statutes make writing a data collection rule difficult. ... Read full article
The central bank said the proposal is intended to eliminate duplication of rules for entities covered by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008. ... Read full article
Policymakers have begun taking positive steps to update and improve existing regulations, though there’s still a lot more work to be done. ... Read full article
In its proposed “disclosure sandbox,” the bureau has eased restrictions on firms seeking a safe harbor from liability. ... Read full article
The proposal, required by the regulatory relief package that Congress passed in May, would exempt the healthiest banks from having to count reciprocal deposits as brokered deposits. ... Read full article
The Senate Banking Committee said it is postponing a hearing on the implementation of regulatory relief for "logistical reasons." ... Read full article
The central bank, which received broad authority after the crisis to supervise big banks, is expected to get more attention from lawmakers over its discretion to ease banks’ burden. ... Read full article