Financial regulations

Will CFPB advisory opinions offer clarity, or give companies a pass?

07/01/20

The agency has proposed letting firms seek specific guidance, which can be applied to other institutions. But consumer groups worry the plan circumvents formal rulemaking.

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Banks can ill afford to get complacent about coronavirus

06/24/20

Business continuity plans should be used constantly, not just when the crisis is at its peak, says the New York Fed’s head of financial services.

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California tables ‘mini-CFPB’ idea — for now

06/11/20

A budget item establishing a new agency to protect consumers from predatory lenders has been put on hold as state officials deal with the coronavirus response and other priorities. But it could be revived in legislative talks later this summer.

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We'll be back: OCC examiners are more effective on-site

06/11/20

The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks.

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Lessons learned from last crisis can be applied today

05/28/20

Banks would be wise to dust off their Great Recession playbook and shed nonperforming loans while growing through M&A.

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OCC goes it alone on narrower CRA rule

05/20/20

Comptroller of the Currency Joseph Otting’s regulation reforming the Community Reinvestment Act lacks performance metrics criticized in an earlier proposal. But neither the FDIC nor the Fed is supporting the final plan.

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OCC to overhaul CRA rule as Otting plans to leave agency

05/19/20

The final regulation will significantly revise a December proposal, responding to concerns from stakeholders. Meanwhile, in a surprising move, the regulator who had championed the reforms is expected to resign this week.

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Dear bankers: Don't return to your old, shareholder-first ways

05/05/20

Banks tend to pull back in times of crisis by tightening credit and focusing on collections efforts. But consumers, and not returns, must be the focus during the coronavirus pandemic.

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Brown, Warren call on CFPB to protect consumers, not financial firms

04/07/20

Five Democrats on the Senate Banking Committee sent a letter to Director Kathy Kraninger calling the agency's response to COVID-19 “tepid and ineffectual at best.”

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Jamie Dimon sees ‘bad recession’ and echoes of 2008 crisis ahead

04/06/20

The only current CEO who steered a major U.S. bank through the financial crisis, Dimon said JPMorgan’s earnings will be “down meaningfully” this year as a result of the coronavirus pandemic.

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