Unshackle regional banks to jump-start economic growth
One of the greatest factors hindering a full recovery following the 2008 crisis is improperly calibrated regulation, particularly of regional banking institutions. ... Read full article
One of the greatest factors hindering a full recovery following the 2008 crisis is improperly calibrated regulation, particularly of regional banking institutions. ... Read full article
Sen. Mike Crapo, R-Idaho, welcomed Treasury Department recommendations on how to reform financial regulations and expressed optimism that many of the suggestions could become law. ... Read full article
The Treasury plan includes a slew of items that don’t require Congress to act, and appear feasible in the short term. Here's a guide to what changes could be made. ... Read full article
The Treasury Department published its first report on regulatory reform, offering some familiar industry asks alongside some surprising positions. ... Read full article
Clearing the bill through the House has value, giving baseline legislative language that the Senate might select in a more modest legislative package. ... Read full article
Senators on both sides of the aisle paid lip service Thursday to giving relief to community banks and credit unions, but didn't appear closer to specifics of what would be in a bill. ... Read full article
Sen. John Kennedy, R-La., said he wants policymakers to flesh out a potential return of the Glass-Steagall Act, but wasn't sure if it should separate commercial and investment banking. ... Read full article
There is a great opportunity this year to show the world that Congress can still pass bipartisan, common-sense legislation that helps lift the U.S. economy. ... Read full article
The Senate Banking Committee may pass a number of small legislative proposals to help banks and credit unions, but the panel is still figuring out what sort of package can ultimately be agreed upon, top Democrats said Tuesday. ... Read full article
While a House bill expected to be passed this week has little chance in the Senate, some of its individual provisions could be enacted by Congress, including one aimed at banks' systemic threshold. ... Read full article
Readers weigh in on the in-store branch model, how community banks hone their message, the difficulty cash-strapped consumers face in finding bank loans, and more. ... Read full article
In the end, many of the reforms designed to protect the global financial system and leading global economies from future crises could be erased. ... Read full article
A bipartisan group of senators want more community banks to get relief from Dodd-Frank capital requirements. ... Read full article
A Dodd-Frank overhaul bill faced trouble in the House because lawmakers did not want to vote on a provision to repeal debit swipe fee limits. ... Read full article
The Government Accountability Office has agreed to a request by a GOP lawmaker to examine whether congress can reject regulators' guidance. ... Read full article
The ability of federal agencies to interpret the Volcker Rule and other provisions of the Dodd-Frank Act could be a positive for advocates of deregulation. ... Read full article
Readers opine on legacy core systems, the negative messaging around the Troubled Asset Relief Program, Jamie Dimon defending his Trump ties, and more. ... Read full article
Treasury Secretary Steven Mnuchin was pressed for his views on housing finance reform, what a “modernized” version of the Glass-Steagall Act would look like and a two-tiered regulatory system. ... Read full article
Sen. Jon Tester, D-Mont., and Sen. Jerry Moran, R-Kan., introduced legislation Wednesday that would raise the stress testing threshold for small and community banks to $50 billion of assets. ... Read full article
A House Republican bill would allow lax lending standards to creep back into the financial system by gutting the CFPB, according to a letter from 158 law professors and scholars. ... Read full article