State regulators

Kansas credit union regulator to retire this month


Gov. Laura Kelly has nominated Vickie Hurt to succeed Jerel Wright, who will step down Nov. 28.


N.Y. regulator is first to issue climate guidance for banks, credit unions


The New York State Department of Financial Services says banks and credit unions under its supervision should limit loan concentrations in vulnerable geographic areas, avoid overexposure to fossil fuel and other legacy businesses and develop financial disclosures detailing climate-related risk.


State regulator group offers guidance for mortgage servicing oversight


The proposed best practices would be modeled after federal servicing standards and be used to supervise nonbanks firms subject to state regimes.


States are well equipped to regulate fintechs


The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard. But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation.


OCC chief goes too far reimagining national bank charter


Acting Comptroller of the Currency Brian Brooks’ focus on allowing fintech firms into the federal banking sphere appears to have a more ambitious and risky goal: redefining the agency’s regulatory focus.


OCC chief, N.Y. regulator dig in on fintech chartering, preemption


Acting Comptroller of the Currency Brian Brooks and Department of Financial Services Superintendent Linda Lacewell stuck to opposing scripts on whether federal or state regulators are best equipped to protect consumers and supervise new entrants into the banking system.


As states and OCC keep butting heads, does innovation suffer?


Backers of lawsuits challenging federal charter and interest rate policies for nonbanks say states are sticking up for consumer protection. Others say the legal quagmire could slow efforts to improve the regulatory framework.


Banks, consumer groups both got what they wanted in ‘mini-CFPB’ bill


The California plan to create a new, tougher state regulatory agency is at the finish line after lawmakers agreed to key exemptions for banks while maintaining strong enforcement measures for payday lenders and other firms.


Student borrower protection bill on verge of passage in California


The legislation, which would apply to both banks and nonbanks, would give borrowers the right to sue for damages when servicing violations occur.


States sue FDIC over 'rent-a-bank' partnerships


A group of eight Attorneys General filed suit against an FDIC final rule related to ‘rent-a-bank’ partnerships, mirroring a similar suit filed against the Office of the Comptroller of the Currency last month.