As President Trump signed the regulatory relief bill into law on Thursday, most of the attention was on a provision to help regional banks with more than $50 billion of assets. But a majority of the new law is aimed at helping institutions below $10 ... Read full article
The industry’s biggest legislative victory in a decade made it to the finish line Thursday. ... Read full article
Otting wants banks to make small loans to consumers; the German bank will reduce headcount by at least 7,000. ... Read full article
The agency's bulletin opens the door to banks' making more short-term loans to borrowers with lower credit scores — with few parameters beyond "sound underwriting." ... Read full article
The bill heads to President Trump for signing; U.S. banks earned an aggregate $56 billion in the quarter, including a boost from tax reform. ... Read full article
The Senate bill is a huge win for the banking industry, but there are still plenty of unresolved legislative issues of interest to financial institutions. ... Read full article
Banks earned a record-shattering $56 billion in the first quarter, even before the regulatory relief bill is enacted. More victories, policy and otherwise, are on their way. ... Read full article
The bill passed by the House took a more cautious approach to relief than prior legislative proposals but has still been hailed by banking industry groups. ... Read full article
Why both Republicans and Democrats are exaggerating legislative changes to the Dodd-Frank Act. ... Read full article
Combined with another key change that would give banks more leeway in trading, the revisions on hedging could further blunt the impact of the rule named after a former Fed chairman. ... Read full article
While reform legislation for banks is just around the corner, market signals suggest the economy could be headed toward another downturn. ... Read full article
A provision to remove new mortgage recordkeeping requirements would help overburdened community banks lend without disrupting data collection that is used to police discrimination. ... Read full article
Jelena McWilliams is expected to be easily approved by the full Senate when her nomination as FDIC chair comes up for a vote. ... Read full article
The soon-to-be-retiring chair of the House Financial Services Committee said Senate leaders have made a "commitment" to consider more changes. ... Read full article
Regulatory burden was the dominant theme of a roundtable discussion, but executives are also concerned about their ability to attract skilled workers and they have mixed feelings on how corporate tax cuts are affecting customers' decisions. ... Read full article
Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades. ... Read full article
After months of delay, the House is planning to vote on legislation next week that would amend the Dodd-Frank Act. ... Read full article
The proposed change would give banks more leeway in making trades and put more onus on regulators to challenge their judgments, sources said. ... Read full article
Neither the central bank’s gradual raising of interest rates, nor its modest changes to capital rules are likely to meaningfully increase risk to the financial system. ... Read full article
Banking and mortgage groups are asking the Federal Communications Commission to issue new Telephone Consumer Protection Act rules that would make consumer lawsuits over robocalls harder to win. ... Read full article
