Mike Crapo

Banks urged to follow Goldman’s lead on fossil fuel

02/19/20

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

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Fed’s Powell open to more than one Libor alternative

02/12/20

Federal Reserve Chairman Jerome Powell told senators that the central bank is willing to explore a credit-sensitive interest benchmark in addition to the secured overnight financing rate, which some banks say could cause problems during economic stress.

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ICBA urges Congress to crack down on CU-bank deals

01/30/20

The head of the small-bank trade group called for hearings to discuss tougher limits on credit union acquisitions of banks.

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Industry to Crapo: Detach pot banking from public health debate

01/26/20

The pot banking bill is a long shot after recent criticism by the Senate Banking chairman, but bankers are trying a new argument in a last-ditch effort to sway lawmakers.

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The 2020 legislative docket: AML reform, GSEs, Dems v. regulators

01/01/20

The window to change beneficial-ownership rules or pass other measures will be narrow, but some legislative efforts from 2019 will carry over and House Democrats will resume inquiries of certain industry CEOs and Trump-appointed regulators.

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Pot banking backers stand firm in face of Crapo’s opposition

12/19/19

After Senate Banking Committee Chairman Mike Crapo poured cold water on legislation enabling banks and credit unions to serve the marijuana industry, several key supporters of the effort are pushing back.

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Crapo delivers crushing blow to pot banking

12/18/19

The Senate Banking Committee chairman said he opposed a House bill that would give financial institutions legal cover to serve cannabis businesses.

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Lawmakers give wildly divergent reviews of CRA plan

12/12/19

Regulators’ sweeping proposal to reform implementation of the Community Reinvestment Act has drawn strong opinions on both sides.

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Banking hemp no longer requires filing SARs: Regulators

12/03/19

The Financial Crimes Enforcement Network and other regulatory agencies confirmed that the recent legalization of the substance eases banks' anti-money-laundering requirements.

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Is it now or never for AML reform?

11/28/19

The 2020 elections and a potential new chair of the Senate Banking Committee in the next Congress could put a deadline on passage of a bill to ease a key anti-money-laundering requirement for banks.

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