Law and regulation

Don’t buy what Zuckerberg’s selling on Libra

10/22/19

Facebook’s cryptocurrency would not help underserved communities, despite the claims of its CEO, who is slated to appear before Congress this week.

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Let’s get housing reform right this time

10/21/19

As lawmakers tackle Fannie Mae and Freddie Mac, any revamp must lessen risk to the mortgage system and U.S. taxpayers.

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Multifamily loan concentration is no weakness, this bank says

10/20/19

Malaga Financial has no intention of diversifying its portfolio despite heavier competition and potential funding challenges.

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Banks try new tack in clash with credit unions over military bases

10/16/19

Bank groups that lobbied unsuccessfully for the rent waivers credit unions receive now back a bill that would create equal rates for both industries.

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CFPB launches task force to identify gaps in consumer finance law

10/11/19

CFPB Director Kathy Kraninger announced the creation of a task force to research and identify potential conflicts in consumer finance law.

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Cut the derivatives business some slack

10/11/19

Federal regulators should amend a capital buffer requirements for certain derivatives to avoid economic damage.

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'Let's play a drinking game': Comments of the week

10/10/19

Readers react to whether the next presidential debate will discuss banking, how California's financial policies are bleeding into other blue states, suggested reforms to the Community Reinvestment Act and more.

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Federal government an exemplar in promoting women

10/10/19

The financial industry should take notes from regulators that have diverse leadership.

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FDIC to offer parental paid leave to employees

10/09/19

All personnel will qualify for up to six weeks of paid leave following the birth, adoption, or foster-care placement of a child in their home, the agency said.

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California blazing a trail on banking policy for other blue states

10/08/19

The state's Democratic-controlled Legislature has enacted laws establishing data privacy rights, giving municipalities the ability to set up public banks, and requiring standardized disclosures on small-business loans, among other issues. Lawmakers elsewhere are taking notice.

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