News Topic: Financial regulations

The central bank’s top regulatory official discussed how the Fed is using listening sessions in isolated communities to understand the effect of losing the one bank in town. ... Read full article

Banks are being encouraged to offer smaller loans as an alternative to payday products, but their high interest rates can still put consumers in debt. ... Read full article

The banking agencies are right to review capital requirements for banks of all sizes to ensure the rules are efficient and clear. ... Read full article

The agency has suggested several steps in its notice on reforming the law that could actually harm, not help, underserved communities. ... Read full article

American Banker's Kate Berry discusses recent events at the Consumer Financial Protection Bureau. ... Read full article

A liberal advocacy group says a Trump political appointee at the CFPB must resign after the Washington Post reported the official once called most hate crimes hoaxes. ... Read full article

The legislation would help small-business owners better evaluate financing options by requiring updated disclosures. ... Read full article

The central bank said the proposal is intended to eliminate duplication of rules for entities covered by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008. ... Read full article

Readers react to the Office of the Comptroller of the Currency's fintech charter, respond to another bank outage, opine on the impact of regulation and more. ... Read full article

Community bankers reject the conclusions of a Government Accountability Office report that say regulatory burdens only had a “modest effect” on the declining number of banks since 2010. ... Read full article

Regulators will continue to issue guidance to articulate general views on appropriate practices, but they will not issue enforcement actions based on violations. ... Read full article

At first glance, New York regulator's first license to cryptocurrencies appears to be a good sign for other digital currencies. But there's a catch. ... Read full article

It is critical that banks blend data science and their industry knowledge to better identify and mitigate compliance risk, says one director at Promontory Financial Group. ... Read full article

The Puerto Rican company added Daniel Frye, a former FDIC adviser, to its board. ... Read full article

The deal lets Google learn more about what people buy based on online ads, but raises privacy concerns; checkbooks favor Congressman Sean Maloney. ... Read full article

Comptroller of the Currency Joseph Otting writes that the Community Reinvestment Act has not kept pace with changes in banking and needs to be updated. ... Read full article

The Office of the Comptroller of the Currency issued more than 30 questions for the public as it begins an effort to modernize the Community Reinvestment Act. ... Read full article

Unilateral approaches to bank regulation are risky, but the OCC's plan to seek public comment independent of the other agencies could help shed light on a CRA debate that is now being waged internally. ... Read full article