Financial regulations

A consumer debt threat, fintech mania, and the crisis never ended: Top stories of the week

08/03/18

Consumers are back to their old spending and saving habits; Trump administration is encouraging financial innovation; how the financial crisis shaped today's politics; and more from this week's most-read stories.

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'Homeowners screwed again': Comments of the week

08/03/18

Readers react to Wells Fargo's latest penalty, weigh in on the Vatican's criticism of credit default swaps and opine on the long tail of the financial crisis.

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Banks plead with FDIC to simplify de novo process

08/02/18

A task force created by the American Bankers Association asserts that applying for a bank charter is too time-consuming and that some de novo rules are too rigid.

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Upheaval at the CFPB

08/02/18

The nomination of Kathy Kraninger as CFPB director has sparked fights in Congress. Meanwhile, the agency has taken several notable enforcement actions. American Banker reporter Kate Berry explains what these developments mean for the CFPB’s future.

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Faces of the financial crisis: Where are they now? (Policymaker edition)

07/30/18

The D.C. movers and shakers at the center of the financial crisis — and the government’s response — have all moved on to new positions. Here's a look at what they did afterwards.

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Trump nominee for financial stability agency sought to eliminate it

07/27/18

As a House staffer, Dino Falaschetti tried to repeal Treasury’s Office of Financial Research. He should not be put in charge of it.

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TCF's profits dip on costs associated with CFPB settlement

07/27/18

Its noninterest expense rose 17% from a year earlier, in part because of costs stemming from its recent overdraft protection settlement with federal regulators.

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Walmart picks Capital One; CFPB to emphasize collaboration

07/27/18

The retailer is ending its nearly two-decade credit card relationship with Synchrony Financial; Mulvaney says the bureau will first negotiate, not sue, to settle disputes.

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East West released from 3-year-old enforcement order on BSA compliance

07/24/18

In a 2015 enforcement action, the San Francisco Fed said it had identified problems with the Pasadena, Calif., bank’s BSA and anti-money-laundering compliance programs.

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Don't get caught between demands of regulators, depositors

07/23/18

As interest rates rise, banks need to watch how much they are paying on deposits to avoid exceeding rate caps designed to ensure liquidity.

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