The Financial Standards Accounting Board's proposal to start loss reserves when a loan is originated is antithetical to banks making localized financial decisions.
The Consumer Financial Protection Bureau's implementation of the statute banning "abusive" conduct through enforcement action instead of rulemaking is not sustainable.
A lack of access to financial services, particularly the inability to transfer funds overseas, can prevent lifesaving work from being carried out and has touched the refugee crisis in Europe, where many aid groups are delivering assistance.
The number of startup companies opting out of the State of New York Â-- more than a dozen Â-- since the financial services department's BitLicense regulation was finalized is troublesome.
Banks undergoing annual Federal Reserve assessments should feel emboldened to challenge "matters requiring attention," and the Fed should hear them out.
The administration apparently intends to leave office without addressing Fannie Mae and Freddie Mac's capital bases and therefore the tight credit conditions.
