News Topic: FDIC

President Trump plans to tap nominees to head the independent financial regulators that will be more willing to listen to industry than past heads, a senior White House official said Thursday. ... Read full article

Federal regulators supported several changes the banking industry has been seeking in an appearance before the Senate Banking Committee on Thursday, acknowledging the need to limit the Volcker Rule and better define systemically important banks. ... Read full article

Though James Clinger has been a top aide to House Financial Services Committee Chairman Jeb Hensarling, observers said the FDIC chair nominee's views may differ. ... Read full article

James Clinger is currently general counsel to the House finance panel; CFPB director refutes House panel claims he didn’t do his job in Wells Fargo investigation. ... Read full article

Though FDIC Martin Gruenberg's term does not expire until November, President Trump announced his successor late on Friday. ... Read full article

The online lender, which focuses on high-earning millennials, is offering assurances that it will also serve Americans who make less money. But the company has not convinced critics, who say the plans are inadequate. ... Read full article

Ahead of the House vote Thursday on the Financial Choice Act, the two parties were assailing each other as proxies for Wall Street and painting themselves as defenders of community banking and the consumer. ... Read full article

Ahead of a vote on a bill that would eliminate orderly liquidation authority, supporters of those powers are proposing changes to make it more palatable to conservatives. ... Read full article

After months of speculation, former OneWest CEO Joseph Otting was finally named as the nominee for Comptroller of the Currency. ... Read full article

Financial regulators issued joint guidance on Wednesday highlighting the availability of cross-state appraiser licensing agreements. ... Read full article

The end of the filibuster for presidential nominees could affect whether Democrats get a say in picking board members of the FDIC. ... Read full article

The bank is the second failure in Illinois so far in 2017. Seaway Bank was closed in late January. ... Read full article

The NCUA aims to give credit unions access to in-person hearings with its governing board. Such an opportunity is lacking at federal bank regulators. ... Read full article

A top Trump administration official on Thursday vowed to roll back FDIC powers to seize and unwind a failing megabank. ... Read full article

The FDIC's Quarterly Banking Profile was mostly good news for banks, showing higher profits and lower noncurrent loans, but loan growth remains a worry. Following is a detailed look at some of the insights into bank earnings. ... Read full article

Bank earnings leaped to $44 billion in the first quarter, a 12.7% increase from a year earlier, but loan growth marked its first quarterly slowdown since 2013. ... Read full article

President Trump’s budget would reduce funds to the CFPB and eliminate a fund designed to help regulators unwind a failing megabank. ... Read full article

Regulators have hinted that they're warming up to the idea of startups, but industry veteran George Groves is raising money to buy an existing bank because he fears the approval process will take too long. ... Read full article