Regulatory relief

CFPB finalizes overhaul of mortgage underwriting rules


The consumer bureau's revamp of criteria for "qualified mortgages," a special regulatory class of loans free from liability, emphasizes pricing instead of a borrower's debt-to-income ratio.


House passes AML reforms with veto-proof majority


A defense spending package includes a measure requiring new businesses to report their beneficial owners directly to the Financial Crimes Enforcement Network, shifting the burden away from banks.


In Georgia Senate runoffs, banks go all in for Republicans


Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates.


OCC announces 3% cut to assessments in 2021


The reduction marks the third time in three years the agency has cut annual fees for national banks.


Small banks welcome PPP relief but fear it may not be enough


Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.


Regulators grant relief to banks pushed past key asset limits by PPP


Participation in the Paycheck Protection Program and other emergency lending during the pandemic has swelled many small banks’ balance sheets. Federal regulators are giving them a temporary pass on supervisory requirements tied to their size.


Congress about to relieve banks of a key AML burden


Banks are responsible for reporting their business customers' beneficial owners, but a bill that would shift that anti-money-laundering duty to businesses themselves has been added to a must-pass defense spending package.


OCC finalizes measure to eliminate ‘unnecessary’ licensing rules


Among the core changes in the regulation, more national banks will be able to use the agency's expedited review process to approve certain corporate transactions.


Partisan gridlock appears intact. Why that's good for banks.


A final Senate breakdown still depends on the outcome in a few key races, but with Republicans closer to keeping power, Democrats' proposals to cap interest rates, create a postal banking system and establish a public credit reporting agency are likely dead on arrival.


What delayed election outcome means for banks


If days go by without a clear result, the uncertainty could lead to market volatility, put off talks for a stimulus plan and complicate bankers' planning for a potentially new regulatory environment.