News Topic: Policymaking

The financial industry is not expecting movement on a lot of legislation given a divided Congress, but one measure is beginning to attract widespread attention. ... Read full article

The federal regulator cited recent “cost savings” and promising projections for costs and revenue next year in announcing the reduction in assessments. ... Read full article

Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms. ... Read full article

Banks have criticized the new accounting standard, but it would likely soften future bubbles and reduce subsequent credit crunches by requiring that reserves be held upfront when loans are made. ... Read full article

Readers react to trends in public banking, weigh potential changes for brokered deposits, consider oversight of foreign banks and more. ... Read full article

Decades-old measures designed to rein in risky lenders are now preventing healthy banks from tapping crucial sources of funds. ... Read full article

There is a surprising amount of pessimism in the air among bankers, including fears of another recession and House Democratic activism. But there are lots of reasons financial institutions should be feeling good. ... Read full article

The megabank’s continued compliance problems suggest that all of its board members, along with 100 of its most senior managers, should be replaced to make way for real change. ... Read full article

The initiative would allow financial firms to test new — and potentially less transparent — disclosure forms on customers. ... Read full article

A 10-year exemption for banks offering estimated fees and exchange rates under the rule, instead of exact amounts, is set to expire in 2020. Lawmakers should consider a temporary extension. ... Read full article

The agency’s flawed methodology for determining interest rate caps on certain accounts poses risks for banks offering free, low-deposit checking and the financial system more broadly. ... Read full article

Sen. Sherrod Brown, a longtime industry critic, said Monday that he’s weighing a possible 2020 bid. ... Read full article

SSNs are used to verify identity across the financial services industry, but use of the numbers is outdated and leaves consumers vulnerable to data breaches. ... Read full article

The head of the Consumer Bankers Association lays out four industry priorities for the regulatory push to overhaul the Community Reinvestment Act. ... Read full article

Readers respond to an FTC settlement with SoFi, weigh calls to simplify Wells Fargo, consider crypto's revolving door and more. ... Read full article

In a letter Monday to Federal Reserve Board Chairman Jerome Powell, the four House Democrats argued that the nation’s aging payments system is contributing to economic inequality. ... Read full article

While there are ways to improve the Community Reinvestment Act for the modern era, steps must be taken to ensure the law is not weakened in the process. ... Read full article

The result could play a big role in whether banks see more regulatory relief next year or policymakers can coalesce around a housing finance reform plan. ... Read full article