Policymaking

Why are fintechs getting a regulatory pass?

03/12/19

As the fintech industry grows, these companies should face the same tough standards as banks and credit unions.

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A simple fix to brokered-deposit battle

03/12/19

The FDIC should consider limiting its toughest restrictions on brokered deposits to problem banks.

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CECL spells trouble for small banks, consumers

03/11/19

The new accounting standard won’t make community institutions safer, though implementation is proving burdensome and could restrict access to credit, argues Rep. Blaine Luetkemeyer.

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Bank deposit advances are payday loans in disguise

03/08/19

Recent history shows how dangerous these short-term products can be without appropriate guidelines in place.

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Welcome to Operation Choke Point 2.0

03/07/19

Banks once again are finding themselves in the political crosshairs over customers they finance, but this time it’s community activists, not the government, leading the charge.

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Dear CFPB: Revamp your complaint database

03/06/19

Under the recently appointed Director Kathy Kraninger, the bureau has the opportunity to address numerous problems with its collection and presentation of consumer grievances.

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Carson plans to leave HUD after 2020 election

03/05/19

The secretary of housing and urban development plans to "finish out this term" but wants to return to "the private sector because I think you have just as much influence, maybe more."

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Small banks about to catch break on deposit insurance premiums

02/28/19

The FDIC reserve fund is nearing a threshold that will trigger a temporary reprieve on deposit insurance premiums for banks with less than $10 billion of assets.

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Another political storm is brewing for big banks

02/25/19

The 2020 Democratic presidential candidates are far more emboldened to offer radical reforms to the financial system than their predecessors — reforms that could ultimately take hold if one of them wins.

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House banking panel to examine Wells Fargo, CFPB in March

02/25/19

The House Financial Services Committee will hold eight hearings next month, looking at Wells Fargo's recent consumer protection scandals, a reauthorization of the flood insurance program and more.

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