News Topic: regulation-reform

Bankers criticize credit unions' tax-exempt status because they fear they are losing ground to member-owned financial cooperatives, writes the Credit Union National Association's Bill Hampel. ... Read full article

Ex-Im is one of the rare government agencies that's running smoothly, according to Tod Burwell: it returns a profit to taxpayers and makes American businesses more competitive. So why are some legislators gunning for its closure? ... Read full article

The historic basis for credit union tax exemptions has become outdated, according to Frank Keating of the American Bankers Association. ... Read full article

Efforts to limit so-called tax inversions are destined for failure until policymakers reform the corporate tax rate, writes Mark Olson of Treliant Risk Advisors. ... Read full article

For the first time in history, the Federal Reserve will have to engineer changes in the federal funds rate by using taxpayer dollars to pay a higher interest rate on reserves or to implement a reverse repurchase agreement program, according to Paul H. ... Read full article

Many active-duty service members are unaware that they are eligible to postpone mortgage payments under the Servicemembers Civil Relief Act. A group of major financial services companies have pledged to improve communication about this option, according ... Read full article

Financial institutions and industries targeted by Operation Choke Point should expect to see a dramatic increase in the issuance of administrative subpoenas or civil investigative demands. ... Read full article

The Financial Stability Oversight Council plans to regulate the asset management industry by targeting activities that pose systemic risk rather than the companies themselves. Regulators should take the same approach with life insurers, according to ... Read full article

Some politicians and regulators appear determined to shrink big banks. But doing so could hurt Americans who appreciate big banks' geographical reach and wide range of services, according to financial markets scholar Stephen Matteo Miller. ... Read full article

Though leveraging credit prescreening can be complicated, organizations that are proactive in developing clear policies and processes can safely market themselves to desirable customers, according to consultant Rich Walker. ... Read full article

Expanded reporting requirements under the Home Mortgage Disclosure Act will give regulators access to a panoply of sensitive data. Banks should take steps to address any fair lending issues before the new rules take effect, according to Warren W. Traiger. ... Read full article

Regulators need to provide clear standards as to what constitutes an acceptable living will, according to the American Enterprise Institute's Abby McCloskey and Paul H. Kupiec. ... Read full article

Enforcement actions can head off future Bank Secrecy Act violations by outlining the specific steps that compliance officers ought to have taken, according to Robert Axelrod of Deloitte Transaction and Business Analytics. ... Read full article

Fed Gov. Tarullo's suggestion that directors should be more engaged in risk oversight is a dangerous development that, if implemented, would expose directors to more lawsuits and further discourage capable people from serving on boards, writes ... Read full article

A report on big bank subsidies offers proof that statutory, regulatory, and industry changes have strengthened the financial system in the years since the crisis, according to Financial Services Forum chief Rob Nichols. ... Read full article

Recent remarks by European politicians and HSBC chairman Douglas Flint are indicative of a mindset that's more interested in complaining about regulations than managing risk, according to Mayra Rodriguez Valladares. ... Read full article

The skill set of successful military commanders makes them uniquely well-suited to compliance roles in today's strict regulatory environment, writes former U.S. Army Captain Jonathan Hendershott. ... Read full article

The Export-Import Bank benefits just a handful of American companies and is weighed down by corruption, writes Ryan Young of the Competitive Enterprise Institute. ... Read full article