Financial regulations

Kraninger outlines her vision for a revamped CFPB

04/17/19

In her first policy speech since being confirmed as the agency's director, Kathy Kraninger promised less focus on enforcement actions and more emphasis on consumer education.

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With stress tests, less is more

04/17/19

The Fed is stepping up transparency around its process for testing bank resiliency in a hypothetical crisis, but additional improvements are needed.

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Richard Urfer, capital markets trailblazer at three big banks, dies at 82

04/12/19

Urfer co-founded a business with the banking automation pioneer John Diebold, worked for Chase Manhattan and other major banks, and played an important role in the Nixon administration, phasing out exchange controls.

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'Theater of the absurd': Comments of the week

04/11/19

Readers respond to this week's big-bank CEO hearing before the House, weigh the debate over Community Reinvestment Act reform, consider whether Wells Fargo needs a new brand and more.

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'Get your facts right': Crypto firm disputes New York license denial

04/11/19

Cryptocurrency exchange Bittrex is protesting New York's decision this week to deny it a virtual license exchange, claiming that its rationale contains factual errors and its personnel were not well versed in blockchain.

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Getting pot banking legislation right

04/11/19

The House Financial Services Committee recently approved protections for banks financing cannabis companies in states where it’s legal. This a good first step, but improvements are needed.

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Deposit rate cap epitomizes bad regulation for small banks

04/10/19

The decade-old rule, now under review, is outdated and another example of one-size-fits-all regulation, community bankers say.

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Why is OCC scared of public input?

04/08/19

A senior official recently criticized how some groups responded to the OCC’s initial steps to reform the Community Reinvestment Act. It’s a worrying sign that the agency will ignore concerns raised by advocates.

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Warren doubles down on ending ‘too big to jail’

04/03/19

The Massachusetts senator introduced legislation Wednesday that would require executives of large corporations to serve jail time when their companies commit crimes, including for violations of civil law.

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No free pass for fintechs

04/03/19

Community banks are open to working with innovative financial startups, but regulators must ensure they face the same oversight standards as traditional banks.

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