Regulatory relief

CFPB chief’s equal-opportunity calendar


In her first four and a half months, Kathy Kraninger met with lawmakers more than twice as often as her predecessor, but her schedule demonstrates willingness to meet with industry and policy stakeholders from various camps.


Regulators finalize rule streamlining call reports for smaller banks


The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets.


Agencies are close to finishing Volcker Rule changes: FDIC's McWilliams


The head of the Federal Deposit Insurance Corp. previously had said regulators were weighing numerous options for addressing criticism of their 2018 proposal.


Legalizing pot may be only way to lift cloud over pot banking


Recent legislation zeroes in on letting financial institutions serve cannabis businesses in states where the substance is legal, but banks may stay on the sidelines if the federal ban on pot remains in place.


GOP, Dem senators join forces on new AML reform bill


The legislation includes a beneficial owner requirement and steps to study the utility of industry reporting, but avoids relieving banks’ burden to file data on suspicious transactions.


Fed announces dates for release of 2019 stress test results


This is the first year that only the largest and most complex banks will be included after the Federal Reserve decided to let smaller firms wait until next year to resume testing.


Reading between the lines of CFPB’s regulatory to-do list


The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important.


CFPB’s Kraninger digs in over halt to military lending exams


Kathy Kraninger, the bureau's director, is in a standoff with Democrats about her claim that the agency cannot supervise institutions under the Military Lending Act.


Time to finish reg relief for community banks


Regulators have taken a number of steps to implement last year’s reforms to Dodd-Frank, but there are several important items left on the to-do list.


'Absolutely devastating’ to small lenders: Lawmakers lay into CECL


Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard.