News Topic: law-regulation

The Trump administration will not approach economic policy like the Federal Reserve does, but the central bank can still address its own problems before the new administration intervenes. ... Read full article

The president-elect faces major questions about credit access, affordable housing, the future of Dodd-Frank and the structure of the Consumer Financial Protection Bureau and the extent to which he will act upon them remains unclear. ... Read full article

Regulatory costs may be warranted, but neither Congress nor the executive branch assessed the cost of the Dodd-Frank Act before its enactment. ... Read full article

While remittances may pose higher risks than services like bill pay, they are absolutely necessary in an age of unprecedented migration. It's high time state and federal regulators update the rules to help inspire banks to re-risk. ... Read full article

The historic election has presented an opportunity for a comprehensive overhaul of the housing finance system after eight years of gridlock. ... Read full article

The new administration and Republican-controlled Congress have a historic opportunity in 2017 to bring banking into the 21st century. ... Read full article

A lot of analytical horsepower is being spent on what will happen to the markets after the election, but it seems to make more sense to talk about what will not change for consumers, investors and financial institutions. ... Read full article

Guidance on regulatory expectations is helpful, but it is not yet clear whether such guidance gives financial institutions impetus to onboard or keep clients they perceive to be riskier. ... Read full article

If modified, the cybersecurity standards in New York State are a step in the right direction to protect banks and consumers. ... Read full article

If the Democratic nominee wins the presidency, she could quickly face opposition from within her own party regarding her moderate views on banking and economic policy, particularly from Sen. Elizabeth Warren. ... Read full article

A strong and dynamic risk detection system requires focusing on the most important blind spots not satisfactorily explained by existing tools, rather than focusing on the "answers" produced by those tools. ... Read full article

Recent moves by the Consumer Financial Protection Bureau, including a plan to regulate payday lending, take away what limited credit options consumers have. ... Read full article

As a result of the SEC's latest reforms, today's money-market funds are very different products than their precrisis predecessors. Calls for additional layers of burdensome regulation over this industry are unwarranted. ... Read full article

Warren's voice is powerful in criticizing big banks, but she could play a more active role in providing relief to community banks to help boost job creation. ... Read full article

Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators? ... Read full article

The Consumer Financial Protection BureauÂ's new regulation governing prepaid cards will disrupt consumer practices, drive up costs and wreak havoc on a fast-growing sector within the payments industry. ... Read full article

Current proposals about what to do with Fannie Mae and Freddie Mac that still focus on a government-backed solution are misdirected. ... Read full article

If Wells Fargo employees were fired for trying to stop the bankÂ's improper account practices, as has been claimed in court, it shines a spotlight on the need for more whistleblower assistance. ... Read full article