More big-bank earnings, hot seat for CFPB's Kraninger: Events to watch
The industry is slated for another busy week, with more bank results on the horizon, plus a nomination hearing for Trump’s pick to head the CFPB. ... Read full article
The industry is slated for another busy week, with more bank results on the horizon, plus a nomination hearing for Trump’s pick to head the CFPB. ... Read full article
Members of the panel and two other advisory boards were all terminated in June and told they could not reapply for their positions. ... Read full article
The acting director’s proposal to subject the agency’s rules to congressional approval provides an important and overlooked check on administrative power. ... Read full article
The agency, with others, will work to stop consumer fraud; manager of four Morgan Stanley L.A. offices allegedly ignored harassment allegations. ... Read full article
Banks are adjusting loan terms, making use of federal loan guarantees and working with farmers to find new markets, all in an effort to mitigate the damage from a likely drop in soybean exports. ... Read full article
The California Democrat would have more of a bully pulpit as chair of the Financial Services Committee, but some say she could take a pragmatic approach to passing banking legislation. ... Read full article
Brian Johnson will serve as the agency's acting deputy director, succeeding Leandra English, who recently said she plans resign from the CFPB. ... Read full article
A more conservative court will be likelier to rule favorably on issues ranging from the deference for regulatory agencies to what constitutes a fair-lending violation. ... Read full article
A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side. ... Read full article
There is yet more drama surrounding leadership of the CFPB as President Trump reportedly considers promoting Mick Mulvaney to White House chief of staff. ... Read full article
Rep. Maxine Waters made headlines this week for her scathing criticism of the White House. Expect more to come if she takes over as the Financial Services Committee chair next year. ... Read full article
It is still a long shot that a rival of Mick Mulvaney's will be able to reclaim the agency's top job, but judges have raised questions over whether Mulvaney can keep the position. ... Read full article
The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election. ... Read full article
Meet the new housing finance reform plan, same as the old ones. While that gives it legs, it also presents big challenges. ... Read full article
Lawmakers should prioritize programs that improve economic development in underserved communities, as appropriators begin debating next year’s spending levels. ... Read full article
The plan would end the GSE conservatorships and create an explicit federal guarantee, but it's unclear if even other parts of the Trump administration support it. ... Read full article
Some continue to doubt there will be a premium cut, while others say there's no telling which way Brian Montgomery will go. ... Read full article
The payments company said it plans to spend $1 billion to $3 billion a year on acquisitions; NYS fines bank $205 million. ... Read full article
The acting agency chief defended the “zero tolerance” policy while praising the permanent CFPB nominee suspected of having been involved in implementing it. ... Read full article
JPMorgan Chase CEO Jamie Dimon condemned the separation of immigrant children from their parents at the U.S. border, while a group that Citigroup CEO Michael Corbat co-chairs also called for an end to the policy. ... Read full article