Regulatory guidance

Will CFPB advisory opinions offer clarity, or give companies a pass?


The agency has proposed letting firms seek specific guidance, which can be applied to other institutions. But consumer groups worry the plan circumvents formal rulemaking.


Consumer advocates allege bias in CFPB task force


A lawsuit filed Tuesday argues that the bureau's establishment of the panel looking into regulatory changes violated the Federal Advisory Committee Act.


Lessons learned from last crisis can be applied today


Banks would be wise to dust off their Great Recession playbook and shed nonperforming loans while growing through M&A.


Fed gives small banks 30-day reprieve to file holding company reports


The regulator's extension for first-quarter documents applies to BHCs with less than $5 billion in assets.


Democrats urge regulators to offer lenders more coronavirus guidance


Sen. Mark Warner led a group of Democratic senators in calling on bank, credit union and GSE regulators to give detailed instructions on helping consumer and commercial borrowers hurt by the COVID-19 outbreak.


Bank regulators update pandemic guidance as coronavirus cases grow


The agencies recommend steps banks should take to proactively prevent disruption of operations, minimize contact between staff and customers, and plan for how affected employees reenter the workplace, among other things.


Fed’s Powell open to more than one Libor alternative


Federal Reserve Chairman Jerome Powell told senators that the central bank is willing to explore a credit-sensitive interest benchmark in addition to the secured overnight financing rate, which some banks say could cause problems during economic stress.


Fed's Quarles details his ideal approach to bank supervision


The central bank’s top regulatory official laid out a comprehensive set of proposals to update how the agency supervises banks — particularly large institutions — with an eye toward improving transparency.


CFPB names longtime agency critic to chair consumer task force


Todd Zywicki, a law professor who has sharply criticized the CFPB as an unaccountable bureaucracy, has been named chair of an agency task force identifying potential conflicts and inconsistencies in consumer finance law.


Fed, FDIC extend comment period for input on Camels ratings


The two agencies have delayed the deadline for the public to respond to a request for information on the rating system used to score banks' overall health.