Regulatory guidance

Next on banks' reg relief wish list: More consistent exams

11/19/18

Regulators have made progress on revising stress tests, the Volcker Rule and other post-crisis measures. But some worry examiners still have too much latitude to punish banks for trivial matters.

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Quarles gets earful (again) on Fed's reg relief efforts

11/15/18

In his second straight day of congressional testimony, the central bank’s top regulatory official was put on the defensive about a pending proposal to relieve regional banks from the toughest supervisory requirements.

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Regulators lift CRE concentration cap at New York Community

11/15/18

The move allows the New York multifamily lender to make more loans without having to raise capital.

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AI must be scrutinized by regulators, top Fed official warns

11/13/18

The Federal Reserve is paying close attention to how it might regulate artificial intelligence and machine learning, Fed Gov. Lael Brainard said in a speech Tuesday.

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Banking groups to regulators: Codify policy on supervisory guidance

11/06/18

The federal agencies said in a recent statement that “guidance does not have the force and effect of law,” but two trade groups say that standard should be more binding.

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CFPB writing rule to define ‘abusive’ standard: Mulvaney

10/15/18

The consumer bureau’s interim chief told an industry conference that “regulation by enforcement is done.”

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House panel moves bills on brokered deposits, CFPB — will Senate bite?

09/13/18

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

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Regulators clarify that guidance does not have the force of law

09/11/18

Regulators will continue to issue guidance to articulate general views on appropriate practices, but they will not issue enforcement actions based on violations.

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Mnuchin affirms commitment to fixing AML, beneficial-owner rules

07/12/18

The Treasury secretary told lawmakers that the government needs “to strike the right balance” on Bank Secrecy Act requirements while determining the best way to collect details about account holders.

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CFPB's compliance approach makes regulatory guidance unreliable: MBA

07/05/18

The Consumer Financial Protection Bureau's practice of "regulation by enforcement" and use of nonbinding guidance materials makes its regulatory efforts "unfair and ineffective" to lenders and servicers, the Mortgage Bankers Association said.

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