News Topic: Financial regulations

Kathy Kraninger, President Trump’s pick to run the CFPB, will testify before Congress on Thursday in what is likely to be a defining moment for her nomination. ... Read full article

The Senate voted 66-33 to approve Federal Reserve Vice Chairman for Supervision Randal Quarles for a full 14-year term on the central bank's board. ... Read full article

The industry is slated for another busy week, with more bank results on the horizon, plus a nomination hearing for Trump’s pick to head the CFPB. ... Read full article

The Treasury secretary told lawmakers that the government needs “to strike the right balance” on Bank Secrecy Act requirements while determining the best way to collect details about account holders. ... Read full article

The acting director’s proposal to subject the agency’s rules to congressional approval provides an important and overlooked check on administrative power. ... Read full article

The rise of AI, high-frequency trading and other complex activities is all the more reason for policymakers and financial executives to sharpen their understanding of science, technology, engineering and math. ... Read full article

The Fed, the FDIC and the OCC said Friday that they have begun implementing changes for regional banks under the new regulatory relief law passed in May. ... Read full article

Banks need to be prepared for increased regulatory scrutiny as they adopt artificial intelligence technologies. ... Read full article

A decades-old Fed charter could help banks develop new cooperatives to combat economic inequality. ... Read full article

Some industry officials are offering rosy projections about the future of banking, but institutions that follow that logic may find themselves overextended in the next downturn. ... Read full article

The company said the aim of a redesign and additional automation is to make its compliance software easier for bankers to use. ... Read full article

Several leaders have retired after spending years preparing their banks for the regulatory milestone. ... Read full article

No plan will be implemented as long as Fannie Mae and Freddie Mac remain in conservatorship, but a capital framework for the companies could still have a substantive impact. ... Read full article

HSBC's Mary Kate Loftus and Popular's Camille Burckhart are digital banker standouts. RBC fires U.S. CEO over an affair with his employee, amid a #MeToo attitude adjustment. And, what's the best time careerwise for women to have children? ... Read full article

With comment periods quickly closing, responding to the agency’s abundant requests for information is proving a logistical hassle for the industry and consumer advocates. ... Read full article

No surprises expected from the annual Fed reviews; Elad Roisman is seen as the pick to replace Michael Piwowar on the panel. ... Read full article

Deutsche Bank's U.S. business was put on a Federal Reserve list of problem banks and added to a group of troubled lenders monitored by the FDIC, according to a person familiar with the matter. ... Read full article

While industry officials welcomed a bulletin from the Office of the Comptroller of the Currency encouraging banks to develop alternatives to payday loans, they are making no commitments to offer such products. ... Read full article