News Topic: Regulatory relief

The Federal Reserve last year proposed consolidating many of the measures of a bank’s capital strength into a single “stress capital buffer.” ... Read full article

Critical comments about Wall Street in the first debates signal an unfriendly political environment for banks. Here is a sample of leading candidates’ financial policy views. ... Read full article

The industry is urging federal regulators to go further in streamlining oversight of foreign banks and resolution-planning requirements. Critics warn that the proposals could weaken post-crisis safeguards. ... Read full article

The new rule, subject to approval by the Office of Management and Budget, would enable FDIC-supervised institutions with less than $5 billion in assets to use a shorter form every other quarter. ... Read full article

New York Attorney General Letitia James said there is “no basis to believe” that the overdraft rule has harmed small banks and credits unions. ... Read full article

Focusing regulatory reforms on risk-based activities is a more effective approach to weeding out potential systemic threats. ... Read full article

The House passed a spending bill amendment aimed at providing further clarity to banks looking to provide services to cannabis businesses. ... Read full article

While a bill to require firms to identify their owners has gained bipartisan support, some small companies argue it is burdensome and would subject them to harsh penalties. ... Read full article

In her first four and a half months, Kathy Kraninger met with lawmakers more than twice as often as her predecessor, but her schedule demonstrates willingness to meet with industry and policy stakeholders from various camps. ... Read full article

The new regulation mandated by Congress expands eligibility for a simplified reporting form to financial institutions with $5 billion of assets. ... Read full article

The head of the Federal Deposit Insurance Corp. previously had said regulators were weighing numerous options for addressing criticism of their 2018 proposal. ... Read full article

Recent legislation zeroes in on letting financial institutions serve cannabis businesses in states where the substance is legal, but banks may stay on the sidelines if the federal ban on pot remains in place. ... Read full article

The legislation includes a beneficial owner requirement and steps to study the utility of industry reporting, but avoids relieving banks’ burden to file data on suspicious transactions. ... Read full article

This is the first year that only the largest and most complex banks will be included after the Federal Reserve decided to let smaller firms wait until next year to resume testing. ... Read full article

The agency's spring rulemaking agenda includes the process for collecting small-business data as well as underwriting rules for GSE-backed loans. But what's missing from the list may be just as important. ... Read full article

Kathy Kraninger, the bureau's director, is in a standoff with Democrats about her claim that the agency cannot supervise institutions under the Military Lending Act. ... Read full article

Regulators have taken a number of steps to implement last year’s reforms to Dodd-Frank, but there are several important items left on the to-do list. ... Read full article

Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard. ... Read full article