The nominations of Randal Quarles as Federal Reserve Board vice chairman and Joseph Otting as comptroller of the currency will now head to the full Senate.
The Fed announced Vice Chairman Stanley Fischer will depart in October, giving Trump the ability to rapidly reshape the central bank and target Dodd-Frank Act rules.
States must recognize how their patchwork of different regimes stifles innovation, but they also have an opportunity to help maintain U.S. competitiveness in the global fintech marketplace.
Readers sound off on flood insurance costs, states’ consumer protection efforts, a bank’s local farming project, the dismissal of a CFPB lawsuit, and more.
Fed chair says post-crisis financial reforms have strengthened the banking system and the economy; consumers again comfortable borrowing against their home equity.
The deregulation winds blowing through Washington could add $27 billion of gross profit at the six largest U.S. banks, lifting their annual pretax income by about 20%.
Clearer criteria of what the Federal Reserve expects from directors will improve board oversight of banks, while also cutting down on misplaced demands on boards’ time and attention.
The Trump administration is considering nominating Jelena McWilliams, Fifth Third Bancorp's top lawyer, to lead the Federal Deposit Insurance Corp., people familiar with the matter said.
Former Comptroller of the Currency Eugene Ludwig shares stories from his days as a top regulator during the Clinton Administration and the reasons why bank rules should be reviewed and maybe rewritten.
