regulation-reform

How Issuers Can Get Fair Lending Compliance Right

09/08/14

A recent study suggests that credit card issuers' marketing practices show evidence of racial bias. The good news is that self-tests can help lenders fix fair lending compliance issues, according to Rich Walker of the Winterberry Group.

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The Real Reason Bankers Oppose Credit Unions' Tax Exemption

09/05/14

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.

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Reauthorizing the Export-Import Bank Is Just Common Sense

09/03/14

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?

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Businesses Should Pay Straightforward Taxes — Credit Unions Included

09/02/14

The historic basis for credit union tax exemptions has become outdated, according to Frank Keating of the American Bankers Association.

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Patriotic Finger-Wagging Won't Stop Companies from Moving Overseas

08/28/14

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.

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Why Taxpayers Will Be on the Hook When It's Time to Raise Rates

08/27/14

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. Kupiec of the American Enterprise Institute.

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How Banks Can Back the Military on the Home Front

08/26/14

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 to the Financial Services Roundtable's Tim Pawlenty and John Dalton.

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Designating Life Insurers as SIFIs Creates Uneven Playing Field

08/22/14

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 former U.S. Sen. Dirk Kempthorne.

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Election Season Could Spur Expansion of Operation Choke Point

08/22/14

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.

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Let Customers — Not Regulators — Decide the Right Size for Banks

08/21/14

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.

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