Federal Reserve

Quarles suggests new Fed approach to ILCs

04/18/18

Comments by Federal Reserve Vice Chairman for Supervision Randal Quarles appeared to contrast with past statements by former officials about the controversial charter.

[more]

CRA needs to come off 'autopilot,' Fed's Quarles says

04/17/18

The rules to comply with the Community Reinvestment Act have become "formulaic and ossified" and must be changed to encourage lending practices the law originally intended to foster, the Fed's top regulator said.

[more]

Quarles wants bank input on stress tests; Banks lending again

04/17/18

Fed vice chair wants to put stress test scenarios out for comment by banks; C&Is outstanding at record level in March.

[more]

Fed weighs more transparency, less subjectivity for stress tests: Quarles

04/16/18

The Federal Reserve is considering allowing banks a chance to comment on stress tests before they take them and dropping any qualitative review for the largest banks’ performance, according to Randal Quarles, the central bank’s vice chairman for banking supervision.

[more]

Will the regulators speak with one voice on CRA reform?

04/16/18

The Office of the Comptroller of the Currency has been leading the charge on revamping the Community Reinvestment Act, but a big unknown is whether the other two regulators charged with carrying out the law are committed to moving ahead as swiftly on a reform plan.

[more]

Changes to Volcker coming with or without House bill

04/16/18

Regulators are working to reform the rule regardless of whether a House provision streamlining authority for it is approved.

[more]

Kansas banking commissioner named for Fed community banking seat

04/16/18

Michelle Bowman, a former community banker and now the Kansas banking commissioner, was one of two Federal Reserve Board nominees announced by the White House on Monday. President Trump also nominated Columbia University Richard Clarida as vice chair.

[more]

Wells Fargo's latest problems go beyond potential $1 billion fine

04/13/18

The bank revealed Friday that it is facing hefty regulatory penalties and will likely have to restate first-quarter earnings. Declines in loan balances and fee income and questions about upcoming stress tests are only adding to investors' worries.

[more]

Regulators to phase in capital treatment of credit losses

04/13/18

Bank regulators propose to allow banks to phase in capital treatment of credit losses over three years.

[more]

Behold the radical continuity of the Fed’s capital proposals

04/13/18

Over the past week, regulators have proposed the most substantial changes to capital requirements for the largest banks in years, but the most startling thing was how unremarkable they were.

[more]