Financial regulations

Retirement wave could leave FDIC short-staffed in crisis, watchdog warns


The inspector general also said high turnover at the chief information officer position has limited the agency's ability to modernize its technology.


OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week


Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.


3 questions as OCC chief gets set to defend CRA plan in House


Comptroller of the Currency Joseph Otting upset some House Democrats when he was a no-show at a previous oversight hearing. They will now get a chance to question him about the future of the Community Reinvestment Act.


CFPB at long last defines enigmatic ‘abusive’ standard


In the past, the agency cited the legal term in enforcement actions without stating what it meant, but Director Kathy Kraninger has sought to give the industry clearer guidance.


NCUA's capital proposal could irk banks and credit unions alike


The National Credit Union Administration plans to unveil new capital proposals on Thursday. It's a given that bankers won't like them, but credit unions could also find themselves disappointed.


OCC’s Otting punches back at critics of CRA plan


The comptroller of the currency stood firm in defense of his agency's proposal, saying skeptics of various parts of the draft framework do not have their facts straight.


Alan Kline named editor-in-chief of American Banker


Alan Kline, a 22-year veteran of American Banker, has previously served as editor-in-chief of US Banker.


House passes bills to require more reports from bank regulators


Lawmakers advanced legislation that would require banking regulators to give annual testimony to lawmakers and would mandate regular reports on cybersecurity efforts.


Can California's mini-CFPB pick up slack left by federal agency?


Former CFPB Director Richard Cordray and consumer advocates have designed a proposed state consumer agency that would subject more financial firms and fintechs to state oversight.


California governor to unveil plan for state CFPB


California Gov. Gavin Newsom plans to ask the legislature to revamp the current Department of Business Oversight and rename it the Department of Financial Protection and Innovation, modeled after the federal CFPB.