Regulatory reform

FDIC chair hopes regulators will 'come together' on CRA reform: Report


The comments by Federal Deposit Insurance Corp. Chair Jelena McWilliams published in Politico reinforce optimism that the banking agencies could settle years of disagreement about modernizing the Community Reinvestment Act.


Write banking rules that withstand political winds


Regulations that merely reflect the beliefs of whoever’s in power undoubtedly get unwound by the next round of leaders. Policies will stand the test of time if they are focused on addressing inequalities in the financial system.


Interagency breakthrough on CRA looks to be in reach


During the Trump era, the bank regulators couldn’t see eye to eye on how to modernize the Community Reinvestment Act. But a looming leadership change atop the Office of the Comptroller of the Currency is boosting optimism that they can harmonize their approaches.


How Democrats could gain control of FDIC’s agenda


Trump appointee Jelena McWilliams is slated to be the agency's chair until mid-2023. But legal experts say a provision in the FDIC’s bylaws gives Democratic members of the governing board, now in the majority, an opening to reverse earlier rules championed by Republicans.


NCUA’s derivatives rule could be boon for large credit unions


Under a proposed rule change, credit unions would no longer need to seek pre-approval from the regulator before entering into interest rate swaps, speeding up transactions for some of the industry’s biggest institutions that already hold over 80% of total assets.


Biden team lays groundwork to reverse Trump-era banking policies


The new administration is wasting no time assembling a team of regulatory appointees and urging agencies to pause pending rules.


Biden’s banking to-do list: Pandemic relief, GSE reform, regulatory hires


The administration faces a slew of immediate financial policy tasks, such as passing a new round of small-business aid, charting a course for Fannie Mae and Freddie Mac and filling vacant agency leadership posts.


Paul Sarbanes, U.S. senator who co-wrote anti-fraud law, dies at 87


The Maryland Democrat served five terms in the U.S. Senate, a 30-year tenure in which he was chairman of the Senate Banking Committee when it responded to a rash of accounting scandals. He didn’t seek a sixth term and retired on Jan. 3, 2007.


Waters calls on Biden to reverse Trump's deregulatory actions


House Financial Services Committee Chairwoman Maxine Waters urged the incoming administration to overhaul policies on payday lending and the Community Reinvestment Act and make personnel changes at two agencies.


Trade group seeks underlying data behind OCC's 'fair access' proposal


The Bank Policy Institute submitted a Freedom of Information Act request to the Office of the Comptroller of the Currency requesting the agency's analysis used in crafting the plan.