More acquainted with the quick decision-making style of the banking world, the comptroller of the currency found a policymaking environment in D.C. that moves at a slower pace.
The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.
A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams.
The federal regulators said in a joint statement that they will take a bank's level of innovation into account in supervising its anti-money-laundering procedures.
Just as a recent law softened Dodd-Frank resolution plan requirements, the head of the Federal Deposit Insurance Corp. announced an effort to ease such rules for depository institutions.
Newly unsealed court documents make clear that regulators forced banks to terminate relationships with payday lenders and other lawful businesses, setting a dangerous precedent.
Jelena McWilliams is responding to concerns from Republican members of Congress that FDIC staffers are discouraging banks from doing business with certain industries.
