Financial regulations

Dems' new tack on gun control: Make banks police sales

11/21/19

A recent bill would require banks to provide data on suspicious firearms transactions as part of anti-money laundering efforts.

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NCUA follows bank regulators’ lead on home appraisals

11/21/19

A new National Credit Union Administration proposal would raise the threshold for residential mortgages that require appraisals. However, the final rule is by no means a done deal.

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CFPB's final payday rule should be ready in spring, agency says

11/21/19

In an update of its rulemaking agenda, the bureau said it "expects to take final action in April 2020" on a proposal that would rescind strong underwriting requirements.

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Google-Citi partnership stirs privacy concerns

11/13/19

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

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Banks want a Camels overhaul, but chiming in is risky

11/11/19

Many in the industry have cheered regulators’ interest in improving the supervisory rating system, but they may shy from commenting publicly about their experiences in a confidential process.

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Washington flexes its muscles on small-business lending

11/05/19

The CFPB, OCC and FDIC are signaling a renewed focus on the sector after regulation of it fell more to the states in recent years.

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Scharf signals ‘sense of urgency’ at Wells; Europe weighs new AML agency

11/01/19

CEO tells employees he wants them to be 'impatient' in fixing the bank’s woes; the new independent body would police banks’ compliance with AML regulations.

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CFPB chief mentions payday ‘research,' and heads turn

10/30/19

A remark by Director Kathy Kraninger during a congressional hearing has renewed a fierce debate over how the agency uses academic studies to support rulemakings.

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NCUA's Harper: Large credit unions need more oversight

10/30/19

The National Credit Union Administration board member is requesting comment on a proposal to create new consumer compliance measures for "large, complex credit unions."

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Incoming ABA chair on credit union takeovers of banks: Enough

10/28/19

Laurie Stewart says a string of bank sales to credit unions supports the case that the latter's tax-exempt status should be eliminated.

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