Law and regulation

Policymakers shouldn’t undermine existing overdraft regulations

07/18/19

The current overdraft rules could use some tweaks, but it should largely remain the same to protect consumers.

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The $40 billion gift that Wall Street doesn't deserve

07/16/19

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

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'Let's encourage banks to join payday lenders': Comments of the week

07/11/19

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

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Powell says he won't resign as lawmakers defend independent Fed

07/10/19

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

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Lending to nonbank lenders is growing — maybe too much

07/05/19

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?

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Regulating Libra’s a waste of time

07/03/19

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

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Virtual currency debate needed the jolt it got from Facebook

07/01/19

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.

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Lowering the bar on financial regulation is fraught with risk

06/27/19

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.

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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.

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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.

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