News Topic: Law and regulation

Attempts to roll back a safeguard on derivatives would give megabanks a $40 billion windfall, putting taxpayers on the hook. ... Read full article

Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more. ... Read full article

The Fed chairman's exchange with House lawmakers Wednesday comes amid President Trump's criticism of Powell and the central bank’s policy decisions. ... Read full article

Loans to other financial firms have soared in recent years, and many are going to private equity or business development firms that then use the funds to make leveraged loans. Should regulators be worried? ... Read full article

What Facebook really needs is another heavyweight like Amazon or Google to help spur cryptocurrency competition. ... Read full article

Facebook’s cryptocurrency pilot highlights just how important it is for regulators and banks to figure out where they land in the emerging monetary digital age. ... Read full article

A recent proposal by the Financial Stability Oversight Council to focus less on certain nonbank firms and more on risk activities would create unintended economic harm. ... Read full article

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

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. ... Read full article

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

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. ... Read full article

Regulators could collaborate on a superagency to streamline laws. ... Read full article

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. ... Read full article

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

Congress extended the National Flood Insurance Program through June 14, preventing the federal initiative from expiring on Saturday. ... Read full article