Regulatory relief

Consumers lose when small banks can't compete

03/29/18

Burdensome regulation has made it hard for community institutions to operate alongside bigger rivals, leaving consumers with less choice and more expensive banking options.

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CFPB seeks comment on guidance process as part of Mulvaney review

03/28/18

The new request for information is the 10th in the series that is part of acting Director Mick Mulvaney’s “call for evidence” to assess the CFPB’s overall effectiveness.

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Reg relief = cost savings, right? Not so fast

03/28/18

One purpose of the Senate bill was for small banks to rein in skyrocketing costs, but some bankers question whether the changes will save them money, and adapting to the reforms may even increase spending.

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A parting warning from FDIC's Hoenig on big-bank rules

03/28/18

In his last major speech as the agency’s No. 2, Thomas Hoenig said it would be a “serious policy mistake” to relax measures such as the supplementary leverage ratio, but he was more open to regulatory relief in other areas.

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Bank bonuses soar; White House probing Kushner loans

03/27/18

Payouts on Wall Street averaged $184,000, following only 2006’s record high; ethics office eying $500 million of real estate loans made to Trump son-in-law.

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Is Dodd-Frank’s <em>other</em> asset threshold destined for the scrap heap?

03/26/18

The biggest legacy of the current regulatory relief effort may be the increasing focus on whether organizing banks in supervisory buckets by asset size makes sense. Yet the bill deals with just one of the two big asset thresholds in the law.

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Amazon's good luck, blockchain dangers and French dissing

03/23/18

Luckily for Amazon, the OCC is no longer “the angry dad on the porch with a shotgun," trying to keep tech companies from hooking up with banks. JPMorgan Chase’s Amber Baldet can pack a room for a lesson on blockchains. And it is the end of catcalls in France.

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Regionals may lose ‘systemic’ label, but they’re not out of the woods

03/23/18

The regulatory relief bill frees some regional banks from the tough supervision reserved for larger companies, but regulators still can subject them to onerous requirements.

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CFPB to review rulemaking authority inherited from other agencies

03/22/18

The information collection effort is consistent with acting CFPB Director Mick Mulvaney's efforts to set the agency on a more pro-industry, anti-enforcement course.

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House GOP wants small-dollar loan bill pinned to reg relief

03/21/18

Just as promised, Republican lawmakers went to work Wednesday considering regulatory reform ideas that would go further than the Senate's tweaks of the Dodd-Frank Act.

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