News Topic: Financial regulations

Company’s first earnings report since the data breach also discloses lots of suits and investigations; Senate bill also calls for one-year delay in corporate tax rate cut to 20%. ... Read full article

If CFPB Director Richard Cordray does not leave soon - as has been widely expected - it may be that he has used rumors of his possible political aspirations to successfully keep Trump from firing him. ... Read full article

Pat Hickman, CEO of Happy State Bank, wants his institution to remain viable in the face of stifling regulation. As for selling? That'll happen over his dead body, he says. ... Read full article

Five Democrats on the Senate Banking Committee pledged to vote against the confirmation of Joseph Otting as comptroller of the currency. ... Read full article

The Fed’s new chief bank regulator wants to change “the tenor of supervision”; Ron O’Hanley, who was named president this week, will also take over as CEO by the end of 2018. ... Read full article

The companies' recently launched partnership furthers the argument that the banking and fintech industries might be better served working together rather than competing. ... Read full article

CFPB Director Richard Cordray sent a letter to President Trump Monday asking him to veto a Republican resolution to nullify the bureau's arbitration rule. ... Read full article

The Treasury Department will release a report early next year on opportunities and risks posed by fintech as part of administration efforts to reform the regulatory structure, Craig Phillips said. ... Read full article

St. Louis Fed President James Bullard explains why community banks feel they were hit with unduly tough regulations after the financial crisis. ... Read full article

Readers weigh in on how women can advance in business, the regulatory playing field for banks and nonbanks, the CFPB's payday loan rule, ATM withdrawals made through mobile wallets, and more. ... Read full article

Randal Quarlies becomes the first of President Trump's nominees to be confirmed to the Fed board and the first person to become vice chair of supervision at the central bank. ... Read full article

Day two of Equifax hearing focuses as much on business model as on the data breach; Fed chair again says she supports bank rules that are not "unduly burdensome." ... Read full article

The Senate invoked cloture to begin the process of confirming Randal Quarles as a governor on the Fed board. ... Read full article

Sound Community Bank CEO Laura Lee “Laurie” Stewart has made a career of going against the grain, and her bank’s investors, employees and customers are all better for it. ... Read full article

The Consumer Financial Protection Bureau’s final rule on arbitration clauses may be bad news for alleged corporate wrongdoers like Equifax and Wells Fargo, but surely for the victims of such wrongdoing — and for consumers, generally — it is good news ... Read full article

Without the Consumer Financial Protection Bureau's expanding consumers' legal options, they will continue to be vulnerable to the abusive practices that have proliferated throughout the financial industry in recent years. ... Read full article

The Terrorism Risk Insurance Act was created after 9/11 to serve as a crucial federal backstop for commercial real estate insurers, but an analysis of alternatives to fund the program reveals the continued challenges of measuring and predicting terror ... Read full article

Fifth Third's Melissa Stevens targets millennials with new app. Meanwhile, regulators are accused of ignoring millennials. Plus, a Goldman Sachs wealth manager sues for discrimination. ... Read full article