Financial regulations

OCC enters new phase of CRA reform with scoring proposal

11/24/20

The plan still lacks concrete details about standards banks must meet to earn high ratings, but the agency said the new methodology would end grade inflation and could penalize banks that underperform.

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With Mark McWatters out, what’s next for NCUA?

11/24/20

The biggest questions following the former chairman's resignation aren't about regulation but whether the agency can recapture a spirit of bipartisanship and collaboration.

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OCC clarifies swap policies, makes other technical updates

11/23/20

The agency said federal thrifts must abide by the same rules as national banks pertaining to membership in payment systems and codified policies on acceptable derivatives practices among a slew of technical changes.

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What President-elect Biden can do to fix outdated financial system

11/23/20

In an open letter, industry veteran Thomas Vartanian outlines the steps the administration can take to encourage innovation, better detect cyber threats and modernize regulation.

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Mark McWatters resigns from NCUA board

11/20/20

The former chairman butted heads with colleagues over the agency’s budget this week, and the Senate is expected to vote to confirm a successor early next month.

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OCC seeks to bar banks from shunning disfavored industries

11/20/20

Some large banks have come under fire from the GOP for curbing services to firms in controversial industries, such as firearms and fossil fuels. A proposal by the Office of the Comptroller of the Currency aims to block banks from taking such stances.

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Private student lenders need to reset ability-to-repay expectations

11/16/20

Jobs will be harder to find for graduates, and there are new underwriting platforms that can better predict students' future income in their chosen field.

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FDIC's brokered deposits rule may hurt some middlemen

11/13/20

The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks.

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ABA names Pinder as new general counsel

11/05/20

Thomas Pinder held jobs at the Justice Department and FDIC before coming to the American Bankers Association in 2012.

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NCUA names new director of examination and insurance

11/02/20

Myra Toeppe, who had been serving as acting director since January, will take on that role permanently.

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