News Topic: Financial Institutions

In this short paper , I question whether derivatives clearinghouses can be "resolved" under Dodd-Frank's title II " Orderly Liquidation Authorit ... Read full article

A new study finds that, when it comes to truly celebrating women, Wall Street still has a long way to go. ... Read full article

House Financial Services Committee Chairman Jeb Hensarling (R-Texas 5th) has an alternative fact problem. In a Wall Street Journal op-ed Hensarling alleged that " Since the CFPB’s advent, the number of banks offering free checking has drastically ... Read full article

If Trump is planning on attempting to remove CFPB Director Richard Cordray "for cause" he's hardly going about it in a smart way.  The Trump administration keeps generating more and more evidence that any for-cause removal would be purely ... Read full article

Apparently just in time for another missive from the White House – and a bit of a tantrum from the House – I've got a new Dealbook up where I suggest that Orderly Liquidation Authority and title II might be a first target. ... Read full article

The New York bank weathered headwinds in its taxi-medallion portfolio to post double-digit growth in earnings and net interest income during the fourth quarter. ... Read full article

Mnuchin to divest; fintech firms may be able to get bank charters ... Read full article

I have an op-ed in American Banker about proposals to convert the CFPB into a commission structure.  Basically, the idea that a commission structure increases accountability and policy stability and reduces arbitrary or abusive actions by an agency just ... Read full article

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This post is an extended aside from my previous post about David Evans' argument about the CFPB's mindset and institutional incentives.  The point isn't critical to Evans' argument, but I'm writing because it really irks me ... Read full article

David Evans has an interesting  article on PYMNTS  that argues that " The fundamental problem with the CFPB ... isn’t who’s on top. ... Read full article

Do financial institutions care about bigotry?  I don't ask that facetiously.  I want to be clear that I am not raising the question of whether financial institutions themselves want to discriminate based on race, gender, national origin, religion, ... Read full article

On the new reality. Over at Dealb%k. ... Read full article

Banking is not an industry; banking is not the real economy. The big banks especially are economic and political behemoths that remain unpopular and poorly understood in the popular imagination. ... Read full article

Dealers occupy an important position in financial markets, essentially serving as central nodes that match buyers and sellers of all types of instruments.  Sometimes the dealer itself will serve as the ultimate buyer or seller, but frequently they are ... Read full article

It doesn't take a genius to figure out that incentive-based compensation like the type featured in Wells Fargo's current and previous consent orders has the potential to encourage fraud and steering of consumers into inappropriate products in ... Read full article

Perhaps as a result of GM , I've been thinking about notice issues in connection with insolvency. ... Read full article

I'm testifying before House Financial Services tomorrow regarding the "CHOICE Act," the Republican Dodd-Frank alternative.  My testimony is here . ... Read full article