Warren steps into repo turmoil, asks Mnuchin for answers
The Massachusetts senator and presidential candidate warned the Treasury secretary not to use the incident as a rationale for weakening regulations. ... Read full article
The Massachusetts senator and presidential candidate warned the Treasury secretary not to use the incident as a rationale for weakening regulations. ... Read full article
A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy. ... Read full article
The former House Financial Services Committee chairman follows other notable former officials who went to the think tank after government careers. ... Read full article
CFPB Director Kathy Kraninger announced the creation of a task force to research and identify potential conflicts in consumer finance law. ... Read full article
Large banks will have less onerous capital rules and stress test requirements; the president’s main lender said it has other returns, but not the president’s. ... Read full article
Institutions that offer fewer than 500 open-end lines of credit will get another two-year exemption from reporting requirements under the Home Mortgage Disclosure Act. ... Read full article
The central bank finalized a host of regulatory-relief changes mostly benefiting midsize and regional banks that hew closely to proposals issued in April and last fall. ... Read full article
Facebook CEO to face a skeptical House panel on Oct. 23; bank stocks have given up last month’s gains as investors await earnings season. ... Read full article
As part of an effort to reduce regulatory burden, the agency will retire policy statements from the 1980s and nineties dealing with securities subsidiaries, failed-bank receiverships and other matters. ... Read full article
Certain topics have dominated in the Democrats’ prior face-offs, but issues like regulatory relief have the potential to highlight crucial differences between the candidates. ... Read full article
The reforms will result in significant changes to the proprietary trading ban first proposed by former Federal Reserve Chairman Paul Volcker and mandated in the Dodd-Frank Act. ... Read full article
The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence. ... Read full article
As Banking Committee Chairman Mike Crapo works on legislation enabling banks to serve cannabis businesses, one area of focus is combating risks tied to “legacy cash” that has accumulated in the marijuana industry. ... Read full article
The company was the only no-show at the gathering of Facebook’s payments partners; HSBC was fined $650,000 for violating swaps risk management rules. ... Read full article
The central bank will consider rules to create a tiered structure for supervising banks with over $100 billion of assets and to ease resolution plan requirements. ... Read full article
The factors that drive small banks to accept acquisition offers and the impact those decisions have on their communities must be better understood, according to the Fed’s Michelle Bowman and the FDIC’s Jelena McWilliams. ... Read full article
The new regulation will allow more flexibility for board directors and senior managers to serve at multiple institutions. ... Read full article
The Fed’s top regulatory official said how agencies adjust their supervisory approach may prove just as important as their rulemaking efforts. ... Read full article
The three federal banking agencies moved to raise the threshold for residential transactions that require an appraisal from $250,000 to $400,000. ... Read full article
The Fed’s injects funds into the repo market for first time in more than a decade; bank trying to partner firms with cash with those with market share. ... Read full article