Law and regulation

System can withstand threat posed by leveraged lending: Powell

05/20/19

Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown.

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In New York, growing support for a public bank

05/17/19

Undeterred by setbacks in other cities, a broad coalition of community groups is seizing on popular mistrust of traditional banks to press the case for a city-owned bank.

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Doomed or not, the proposal to cap credit card rates at 15% matters

05/13/19

The legislation from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez is part of an effort to shift the range of what is thinkable in Washington to the left. It may also serve to highlight the vulnerabilities of Democrats with bank-friendly records.

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Multifamily lenders balk at N.Y.’s proposed tenant-friendly reforms

05/10/19

Housing advocates and Democratic lawmakers want to create more protections for tenants of rent-controlled apartments, but they are facing stiff opposition from property owners and the banks that lend to them.

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Crapo, Brown probe Facebook over financial data collection

05/10/19

Sens. Mike Crapo and Sherrod Brown are asking Facebook about its consumer financial data collection practices as they consider data privacy legislation.

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On climate risk, U.S. regulators at odds with global counterparts

05/08/19

A sharp disagreement between foreign and U.S. regulators is emerging on how far banking supervisors should go in asking financial institutions to stress test their loan and investment portfolios for any risks associated with climate change.

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Will fee fight cause another SBA shutdown?

05/07/19

Lawmakers from both parties oppose a Small Business Administration proposal to raise guarantee fees. The clash could lead to a halt in operations this fall.

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Credit union, bank groups trade shots over CFPB supervision of big CUs

05/07/19

A proposal to give the Consumer Financial Protection Bureau jurisdiction over credit unions with $10 billion or more of assets has sparked a war of words between the longtime foes.

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A deposit boon for small Georgia banks?

05/03/19

Community banks in the state have struggled to attract the funds to meet surging loan demand, but that could change now that a new law has made it easier for them to accept government deposits.

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Fed pick gets earful from Brown after 'armpit' remark on Ohio

04/24/19

Sen. Sherrod Brown questioned Stephen Moore's ability to make decisions at the Fed to benefit all Americans after calling two Ohio cities the "armpit of America."

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