Regulatory relief

The border wall fight is killing chances of year-end banking reforms

12/14/18

As Congress moves closer to its Dec. 21 deadline to keep the government funded, the outlook for more financial services regulatory relief continues to worsen.

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Two Democrats added to Senate Banking Committee in new term

12/13/18

Sen.-elect Kyrsten Sinema, D-Ariz., and Sen. Tina Smith, D-Minn., will join the panel as their caucus loses two other committee members who suffered election defeats.

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‘I am very excited to be here’: Kraninger signals new tone atop CFPB

12/11/18

The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.

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Mulvaney's last move at CFPB aims to help fintechs

12/11/18

The agency's departing acting director filed a proposal Monday for a new sandbox that would grant firms a legal safe harbor and "exemptive relief" from enforcement.

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Brokered deposits' bad rap is undeserved

12/11/18

The idea that deposit brokers are trying to game the deposit insurance system and could contribute to another crisis is outdated.

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A big-bank loophole to escape Volcker Rule? Not so fast

12/07/18

The regulatory agencies are the last word on an exemption from the proprietary trading ban, and there are no signs they will expand it beyond small institutions.

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Senate barely confirms Kathy Kraninger as new CFPB director

12/06/18

Kraninger's nomination was lauded by industry groups, but vigorously opposed by consumer groups and Democratic lawmakers.

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FDIC seeks industry help in effort to revive de novo banks

12/06/18

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

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Community Banker of the Year: Sound Financial's Laurie Stewart

11/29/18

Her guidance of a former credit union through the crisis and into a profitable bank, her advocacy for reg relief and other industry priorities, and her vocal support of women seeking to knock down many of the same workplace barriers she faced make her one of our Best in Banking honorees.

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Ease banks’ AML reporting burden? FBI, Fincen say not so fast

11/29/18

As Congress weighs Bank Secrecy Act reforms, some worry that reducing suspicious transaction filings would be a gift to criminals.

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