Law and regulation

Bill would create California public bank

07/09/20

Two state assembly members introduced legislation that would let the California Infrastructure and Economic Development Bank accept deposits from public entities and provide financing to small businesses and local governments.

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Mutual holding company pioneer dies after long cancer battle

06/29/20

Eric Luse, who co-founded the Luse Gorman law firm, helped Community Bank Shares of Indiana create the first MHC in the early 1990s.

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Where FDIC, OCC chiefs differ on post-pandemic banking

06/26/20

While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending.

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Supervision: Sharp focus on tech capability, customer well-being

06/23/20

The pandemic will accelerate the drive toward a supervision process in which both regulators and banks will need the digital tools that enable sophisticated remote exams. Expect a heightened focus, too, on customers' financial health.

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CFPB gives mortgage servicers relief to help struggling homeowners

06/23/20

A new CFPB rule will expedite the forbearance and loss-mitigation process for consumers suffering financial hardship from the pandemic.

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Emergency consumer relief bill in California stalls

06/19/20

After drawing industry opposition, legislation that would have added broad new borrower protections during the pandemic failed to advance out of the state Assembly.

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Here's Congress's chance to help black communities

06/10/20

A blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.

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Even with FDIC endorsement, fintechs' path to becoming banks is bumpy

06/03/20

Recent steps that would help nonbank lenders enter the traditional banking system, like a proposal clarifying the industrial loan company charter, are needed but face strong opposition.

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Big banks call for blanket forgiveness of PPP loans under $150,000

06/02/20

The changes being sought would benefit both small businesses and banks, which would avoid the cost of servicing many low-yielding loans.

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The little-noticed power grab in regulators’ small-dollar guidance

06/02/20

An interagency notice meant to encourage lenders to offer small consumer loans also provides federal agencies too much say on what constitutes “reasonable” pricing.

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