Financial regulations

Fed, FDIC extend comment period for input on Camels ratings


The two agencies have delayed the deadline for the public to respond to a request for information on the rating system used to score banks' overall health.


Banks cite regulations among reasons for repo spike: Survey


Many large lenders pointed regulatory restrictions on their balance sheets and reduced risk appetite to explain why they stood on the sidelines during the September spike in overnight funding rates, according to a Federal Reserve survey of senior credit officers.


The devil and the details of CRA reform


Banks and public advocacy groups agree that the Community Reinvestment Act needs to change. But is the latest proposal moving in the right direction?


‘Immigration has become a political football’: Border bankers


Dennis Nixon and Gerry Schwebel at International Bancshares share their views on the U.S.-Mexico-Canada trade deal, immigration policy, and a border wall.


Wells Fargo to refund checking fees after lawmaker flags issue


CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.


FDIC asks for feedback on its approach to cost-benefit analysis


The agency said it plans to make its cost-benefit process “more structured” and incorporate “a number of analytical practices identified in standard references.”


TD gets bonus in Schwab deal; Will there be a yearend credit crunch?


The bank will continue to hold cash in sweep accounts until 2031, although at a lower rate; capital requirements could lead big banks to hold off lending.


'There's going to be room for both systems'


In a sit-down interview, Cleveland Fed President Loretta Mester discusses how the FedNow real-time payment system will work alongside a big-bank one.


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


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


NCUA follows bank regulators’ lead on home appraisals


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.