Jelena McWilliams knows the value of the FDIC’s role in a way most other Americans do not. Now she's in charge as it grapples with difficult questions and sets out to reshape the industry. ... Read full article
Seven Republican senators urged regulators on Monday to consider additional changes to the Volcker Rule's "covered funds" definition. ... Read full article
The agency found that banks with less than $10 billion in assets were more prone than larger lenders to go beyond using standard criteria in evaluating borrowers. ... Read full article
The proposal, required by the regulatory relief package that Congress passed in May, would exempt the healthiest banks from having to count reciprocal deposits as brokered deposits. ... Read full article
The Senate Banking Committee said it is postponing a hearing on the implementation of regulatory relief for "logistical reasons." ... Read full article
The central bank, which received broad authority after the crisis to supervise big banks, is expected to get more attention from lawmakers over its discretion to ease banks’ burden. ... Read full article
The appointments are on top of other recent personnel changes under Chairman Jelena McWilliams, who took the reins of the agency in June. ... Read full article
The agencies had proposed revisions designed to make compliance less complex, but banks have expressed concern that the plan could have the opposite effect. ... Read full article
A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book. ... Read full article
A top regulator has signaled that the banking agencies are receptive to extending the comment deadline, after banks raised concerns about a proposed revision to the ban on proprietary trading. ... Read full article
The industry’s profit was $60.2 billion, a more than 7% increase from the previous record set in the first quarter and a 25% leap from a year earlier, the agency said in its quarterly report on the industry's health. ... Read full article
A new law exempts small lenders from expanded mortgage data reporting, but regulators are signaling that banks no longer have to collect the data either. ... Read full article
Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application. ... Read full article
The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon. ... Read full article
The Office of the Comptroller of the Currency’s bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending. ... Read full article
The two Wall Street firms anxiously await the second round of stress test results; Commerzbank is working on using technology to generate basic research notes. ... Read full article
Jelena McWilliams said the agency will ask banks what's working and what's not; the acquisition of Hyperwallet Systems lets PayPal offer more services. ... Read full article
In her first speech as chairman, Jelena McWilliams signaled a focus on reviewing old policies, speeding up decisions on new bank applications and helping banks navigate marijuana laws. ... Read full article
The appointment of the former top lawyer at Fifth Third Bank rounds out the Trump administration’s picks to run the federal prudential banking agencies. ... Read full article
More than a dozen lawmakers wrote to the banking agencies Friday, arguing that any regulatory reforms to the Community Reinvestment Act should focus on expanding access to credit. ... Read full article
