Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process.
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.
The federal regulator cited recent “cost savings” and promising projections for costs and revenue next year in announcing the reduction in assessments.
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.
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.
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.
