News Topic: Policymaking

Financial institutions have often criticized the agency’s publication of consumer complaints. But the information provided can offer executives important insights into looming problems that might not yet have come to light. ... Read full article

Readers weigh in on Wells Fargo's latest efforts to mollify regulators, debate the value of a "mini CFPB" in California, consider proposed changes to the Community Reinvestment Act and more. ... Read full article

The credit union regulator’s proposal to raise the threshold for home-sale appraisals to $1 million could introduce more risk into the financial system, particularly if bank regulators follow suit. ... Read full article

Chief Financial Officer Steve App will be succeeded by Bret Edwards, who is now head of the FDIC's division of resolutions and receiverships. ... Read full article

Two nonprofits threatened by the effort say the Department of Housing and Urban Development tried to avoid scrutiny last month when it announced the new policy outside the formal rulemaking process. ... Read full article

Proposals to modernize the Community Reinvestment Act should be geared toward making concrete improvements, not upending parts of the law that are already working. ... Read full article

The state should overhaul its Department of Business Oversight, but proposals to create a statewide financial protection bureau miss the mark. ... Read full article

Readers respond to JPMorgan's Twitter gaffe, weigh the role banks should play on issues like climate change, consider the impact of artificial intelligence on fair lending and more. ... Read full article

The banks were ordered to submit records related to President Trump's businesses, but lawmakers have agreed to give the companies until seven days after a judge rules on the Trump family's request to block the subpoena. ... Read full article

Government officials must address the policy questions raised by the use of artificial intelligence in credit decisions. ... Read full article

Congress has broad subpoena powers to demand the president’s financial records, but no bank wants to disclose confidential information about a powerful client. ... Read full article

As the CFPB moves closer to updating its debt collection regulations, revising restrictions on phone calls and other communications with consumers must be a priority. ... Read full article

The Democratic senator's legislation, which has been floated in previous years, would apply to the APRs on all open-end and closed-end consumer credit transactions. ... Read full article

Financial institutions should focus on maximizing returns instead of feel-good initiatives to cut greenhouse gas emissions or reduce gun financing. ... Read full article

The standards board has been granted vast authority without having to answer to policymakers, and its latest accounting method, CECL, will be a disaster for small banks. ... Read full article

Readers respond to the debates over economic inequality and CEO pay disparities, weigh in on FDIC board membership, consider LendingClub exiting small-business lending and more. ... Read full article

As with the debate over guns, climate change and other social issues, banks may find themselves pressured to do more to address the country's wealth gap. ... Read full article

At a fintech event hosted by the FDIC, the agency’s chief and the head of the OCC offered their views on a wide range of matters. ... Read full article