The Fed is preparing to release the results of its annual stress tests in what is likely to be the last iteration of the post-crisis supervisory program before sweeping changes are made. ... Read full article
Following are notable cases where banks were tripped up by the Fed's stress tests either by flunking the numbers (or quantitative) part of the test or raising red flags on a qualitative basis. ... Read full article
Sen. Elizabeth Warren, D-Mass., asked Federal Reserve Chair Janet Yellen on Monday to remove 12 Wells Fargo board members because of the fake-accounts scandal. ... Read full article
Job cuts are the beginning of a new round of cost-cutting; Wells accused of modifying home loans on distressed borrowers without customer or bankruptcy court approval. ... Read full article
Thirty-eight House Democrats sent a letter to President Trump voicing their concern that Wall Street insiders will be appointed to top spots at the Federal Reserve Board. ... Read full article
Fed Chair Janet Yellen called the Treasury's report a "complicated document" that shared many of the central bank's objectives, including reducing regulatory burden without sacrificing safety and soundness. ... Read full article
The Treasury plan includes a slew of items that don’t require Congress to act, and appear feasible in the short term. Here's a guide to what changes could be made. ... 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
The expansion of the Federal Reserve’s portfolio of Treasury debt and mortgage-backed securities has a bigger impact on the credit markets than paying banks interest on excess reserves. ... 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
Contrary to others’ opinion, interest on excess reserves is part of the Federal Reserve’s monetary policy that serves to reduce volatility and encourage growth. ... Read full article
More business lending is shifting from banks to "murky" trusts as the government imposes more restrictions to reduce risky loans; 11 states advance suit as Justice Department retreats. ... Read full article
The Consumer Financial Protection Bureau is in the direct crosshairs of a federal lawsuit questioning its leadership structure. But it might be the independence of all federal agencies on trial. ... Read full article
Fed Gov. Jerome Powell says central bank will provide more information to banks about how it conducts annual tests; bank CTO discusses its 2018 blockchain test. ... Read full article
The Federal Reserve will announce the results of its stress tests beginning June 22. ... Read full article
The Fed is working on providing a more helpful guide to affected banks on how the central bank’s testing models work and taking a lighter touch to supervising bank boards. ... Read full article
In its regular Beige Book report, the Federal Reserve said that despite high consumer confidence, economic vital signs remain mixed. ... Read full article
Financial regulators issued joint guidance on Wednesday highlighting the availability of cross-state appraiser licensing agreements. ... Read full article
The bank agreed to improve anti-laundering controls deemed "unsafe" by the Fed, including oversight of so-called mirror trades that may have helped foreign customers hide large sums of money. ... Read full article
