Financial regulations

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

01/28/20

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.

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CFPB at long last defines enigmatic ‘abusive’ standard

01/24/20

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.

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

01/22/20

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.

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OCC’s Otting punches back at critics of CRA plan

01/22/20

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.

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Alan Kline named editor-in-chief of American Banker

01/16/20

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

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House passes bills to require more reports from bank regulators

01/14/20

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

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

01/10/20

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.

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California governor to unveil plan for state CFPB

01/09/20

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.

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Is a good year a bad sign for banks?; Checking for post-Libor plans

01/06/20

Some analysts warn the loosening of bank regulations may be hiding risks; watchdogs are demanding proof that financial institutions are ready for 2021.

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What's the Fed's next move on CRA reform?

01/03/20

After declining to support the proposal drafted by the OCC and FDIC, the Federal Reserve could issue its own framework or just keep the current CRA regime.

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