Financial regulations

The evolution of the Fed's stress tests


Stress tests have come a long way since first unveiled to shore up confidence in banks. But some critics fear that proposals to make the system more efficient would compromise its safety.


Credit union courts nonmember deposits (and trouble with banks)


Freedom Northwest in Idaho hopes a proposal from the NCUA will help it bring in more deposits to fund a fast-growing mortgage business. Banks are crying foul.


6 policy responses to leveraged lending fears


Options include legislation to study the risk of leveraged loans, more aggressive action by the Financial Stability Oversight Council and additional capital buffers. Policymakers may also choose to do nothing.


Why is the U.S. payments system still so slow?


The U.S. still relies on antiquated payment processing technologies while other countries can process in real-time. What's the holdup?


Besieged Florida banking regulator avoids firing — for now


Florida Gov. Ron DeSantis is attempting to sort out allegations of sexual harassment against the state's banking commissioner and counterclaims of a political setup.


Asked to resign, Florida’s top banking regulator claims corruption


Ronald Rubin was asked by the state’s chief financial officer to resign after a review of an Inspector General’s report detailed allegations of sexual harassment. Instead, Rubin is countering with accusations against the CFO.


CFPB’s Kraninger digs in over halt to military lending exams


Kathy Kraninger, the bureau's director, is in a standoff with Democrats about her claim that the agency cannot supervise institutions under the Military Lending Act.


FDIC, payday lenders agree to settle Choke Point lawsuit


As part of the deal, the agency summarized its policy on account terminations and issued a letter acknowledging that some employees “acted in a manner inconsistent with FDIC policies with respect to payday lenders.”


Backers of pot banking bill see the finish line in House


The legislation faces a tougher path in the Senate where GOP leaders are reluctant to ease restrictions on what is still a banned narcotic.


Don’t drop the ball on trans-Atlantic cooperation


The U.S. and Europe should continue to harmonize their banking rules, including for foreign banking operations, just as they did in the wake of the financial crisis.