Law and regulation

Warren leads Democratic call to reconsider another CFPB hire

06/25/19

Democratic lawmakers argue that Paul Watkins' former employment at a "homophobic hate group" makes him unfit to lead the agency's innovation office. Watkins says he did no advocacy work for that organization.

[more]

Minority-owned banks' performance has significantly improved: FDIC

06/25/19

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

[more]

Waters schedules hearings next month on Facebook, BB&T-SunTrust merger

06/24/19

House Financial Services Committee Chairwoman Maxine Waters wants to examine the merger of BB&T and SunTrust, as well as Facebook's cryptocurrency plans.

[more]

As California mulls rules for payday loan alternative, rifts emerge

06/24/19

Companies that offer early access to earned wages want a regulatory framework for their fast-growing industry. But the bill under consideration in Sacramento is exposing big divisions in the sector.

[more]

Banks, regulators can help themselves by helping young adults

06/24/19

Intern programs are just one example of an activity that should count for CRA credit and meet Dodd-Frank requirements, says Comptroller of the Currency Joseph Otting.

[more]

New York moves to ban confessions of judgment for out-of-state loans

06/21/19

New York lawmakers took steps to prevent predatory lenders from using the state's court system to seize the assets of small businesses nationwide.

[more]

Deutsche expects continued scrutiny; PayPal losing another exec

06/21/19

The bank believes its U.S. unit will pass this year’s stress test but Fed restrictions will stay; COO is the second member of CEO’s inner circle to leave.

[more]

The key to rightsizing regulation

06/20/19

Regulators could collaborate on a superagency to streamline laws.

[more]

Congress dangles tax credits to boost supply of affordable housing

06/18/19

The bipartisan proposal aims to renew banks' interest in low-income housing tax credits and bring more lower-priced homes to markets that badly need them.

[more]

First Merchants settles with Justice Department over mortgage practices

06/13/19

The Indiana company, which has an acquisition pending, will make more loans in minority neighborhoods around Indianapolis.

[more]