Financial regulations

Senate panel approves Powell as Fed chair for second time

01/17/18

The Senate Banking Committee had approved Powell already in December, but a revote was necessary after the Senate adjourned for the year without finalizing his confirmation.

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JPM, Wells on divergent paths; Citi talks gender pay

01/16/18

The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies.

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Senate Banking sets Jan. 23 to probe FDIC, Fed nominees

01/12/18

The Senate Banking Committee is expected to consider the nominations of Jelena McWilliams to be FDIC chair and Marvin Goodfriend as a governor of the Federal Reserve Board.

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Laurie Maggiano, HAMP architect, CFPB program manager, dies at 64

01/09/18

Laurie Maggiano, the Consumer Financial Protection Bureau's program manager for servicing and secondary markets, died on Sunday.

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As FSOC rethinks SIFIs, will any nonbanks remain on the list?

12/28/17

The Trump administration's Financial Stability Oversight Council is likely to remove the systemically important financial institution label for the remaining nonbanks on the list, but it might consider adding other firms such as Fannie Mae and Freddie Mac.

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CFPB's Mulvaney scraps survey for debt collection plan

12/19/17

The Consumer Financial Protection Bureau on Tuesday withdrew a plan to conduct a web survey for its debt collection proposal while acting Director Mick Mulvaney reviews the rulemaking.

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FDIC budget has fallen by nearly half since 2010

12/19/17

The Federal Deposit Insurance Corp. approved a $2.09 billion budget for 2018, a 3% reduction from 2017, with cuts to receivership funding and nonpermanent staff.

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Chamber backs CFPB's Mulvaney in leadership case

12/18/17

The U.S. Chamber of Commerce said Monday that an attempt to oust Mick Mulvaney as acting director of the Consumer Financial Protection Bureau would raise "grave questions" about the constitutionality of the consumer agency.

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Wilmers' legacy: Top CEOs praise M&T chief's leadership in crises

12/18/17

Bankers remember Bob Wilmers not only for spearheading the growth of M&T, but also embracing his role as the industry's voice in turbulent times.

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Can CFPB’s Mulvaney bring politicos to independent agency? Absolutely

12/15/17

When the acting director of the Consumer Financial Protection Bureau announced plans to bring aboard political appointees, many viewed it as antithetical to an independent regulator. But technically there is nothing stopping him.

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