Top White House official to join big-bank group
Shahira Knight, the deputy director of the National Economic Council, is leaving the White House to join The Clearing House Association as its head of public affairs. ... Read full article
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Is Mulvaney trying to purge CFPB's advisory board?
The agency’s acting chief has angered consumer advocates by refusing to hold meetings that they say are required by law. ... Read full article
CCARs should go smoothly; SEC nomination expected
No surprises expected from the annual Fed reviews; Elad Roisman is seen as the pick to replace Michael Piwowar on the panel. ... Read full article
Bank M&A said ready to reignite; OCC has concerns
A new round of consolidation may be about to begin, starting in Europe; looser corporate underwriting standards and lower rates draw OCC attention. ... Read full article
Bank dereg bill just the start; pushing retailers’ button
President plans to ease regulatory burden on the largest banks; online merchants say a Visa-Mastercard button blocks cheaper payment methods. ... Read full article
9 provisions of reg relief law important to small banks
As President Trump signed the regulatory relief bill into law on Thursday, most of the attention was on a provision to help regional banks with more than $50 billion of assets. But a majority of the new law is aimed at helping institutions below $10 ... Read full article
It's the law: Trump signs off on reg relief bill
The industry’s biggest legislative victory in a decade made it to the finish line Thursday. ... Read full article
Senate confirms McWilliams to FDIC, rounding out Trump bank team
Jelena McWilliams, most recently chief legal officer at Fifth Third, previously served as a Senate GOP aide and an attorney at the Federal Reserve Board. ... Read full article
House passes bank reform; banks posted record net income in Q1
The bill heads to President Trump for signing; U.S. banks earned an aggregate $56 billion in the quarter, including a boost from tax reform. ... Read full article
FDIC chief remains mum about potential future at agency
A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman. ... Read full article
CFPB signals pullback on discrimination cases
The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination. ... Read full article
Trump makes repeal of CFPB auto lending rule official
The CFPB policy was aimed at preventing discriminatory markups on indirect loans made by car dealers, but current acting CFPB Director Mick Mulvaney said the guidance "seemed like a solution in search of a problem." ... Read full article
Reg relief is about to pass — get ready for the spin
Why both Republicans and Democrats are exaggerating legislative changes to the Dodd-Frank Act. ... Read full article
Think you’ve seen the Trump effect on regulation? Just wait
With Congress set to approve a regulatory relief bill and vote on an FDIC chairman, banks will soon see the deregulation they’ve long been anticipating. ... Read full article
Senate to vote next week on Trump pick for FDIC
Jelena McWilliams is expected to be easily approved by the full Senate when her nomination as FDIC chair comes up for a vote. ... Read full article
The real fight over CFPB's payday rule is just beginning
It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it. ... Read full article
Fed picks vow independence, but regulatory views remain unclear
A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues. ... Read full article
Pandit makes a big card bet; two senior Goldman execs to leave
The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division. ... Read full article
McWatters' CFPB bid hasn't even been announced. Is it already in trouble?
A recent Washington Post investigation revealed that J. Mark McWatters runs the National Credit Union Administration from his home in Dallas, raising questions about his being tapped to head the consumer agency. ... Read full article
CFPB's union ready to battle Mulvaney as job cuts loom
The union representing employees at the CFPB is already fighting acting Director Mick Mulvaney's efforts to restructure the agency, and readying for a potentially larger conflict as rumors of layoffs swirl. ... Read full article