Financial regulations

Bank regulators are getting serious about innovation

01/29/19

Despite complaints about the slow pace of change within government, policymakers, including agency heads, are increasingly focused on modernizing regulation, an important step forward for the industry.

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Why the CFPB is watering down its payday lending rule

01/29/19

The Consumer Financial Protection Bureau won't require payday lenders to assess borrowers’ ability to repay. American Banker reporter Kate Berry explains why.

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Quality of shared credits improves but leveraged-lending risks remain

01/25/19

Despite a generally positive picture in the Shared National Credit report, regulators warned that underperforming loans in the the portfolio remain elevated.

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OCC's Otting names chief operating officer as part of massive restructuring

01/17/19

Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency.

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JPM disappoints; banks brace for Maxine Waters

01/15/19

The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow.

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Banker concerns about credit union mergers are overblown

01/09/19

The banking industry is unduly worried that recent credit union deals could open the door for anyone to join.

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Warren bashes banks and billionaires in first 2020 campaign swing

01/07/19

Senator Elizabeth Warren’s first trip to Iowa as a likely presidential candidate highlighted her fiery anti-Wall Street populism.

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Accounting standards shouldn’t be left to the accountants

01/04/19

The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.

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Facebook tests mobile payments; Fed futures signal flat rates

01/03/19

Facebook’s WhatsApp unit has been testing its payments app in India since May; investors price in an almost a 90% probability of no Fed hikes this year.

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'What will the next idiocy be?': Comments of the year

12/28/18

Readers this year responded to Mick Mulvaney's leadership at the Consumer Financial Protection Bureau, the banking industry's role in the national gun debate, Rep. Maxine Water's upcoming leadership of the Financial Services Committee, the influence of tech companies like Facebook and Amazon on financial services and much more.

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