Trump administration

Dear regulators: Don’t loosen megabank capital standards

08/29/18

The country’s largest banks, and even some lawmakers, are calling on the banking agencies to roll back requirements imposed after the financial crisis. But that puts the economy at grave risk.

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Senate confirms Clarida to Fed, two others remain in limbo

08/28/18

The Senate approved Richard Clarida as vice chairman of the Federal Reserve on Tuesday, while two other central bank nominees still await a vote.

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After bruising reg relief fight, Heitkamp is fighting to keep her seat

08/28/18

The North Dakota Democrat bucked members of her own party in pushing for a bill reforming Dodd-Frank. She faces another uphill battle in November.

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Why Quarles is a no go at FSB; Employee thrashes CFPB on his way out

08/28/18

Randal Quarles was considered for Financial Stability Board chair spot; the outgoing student loan ombudsman says the agency puts lenders before consumers.

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'Field of membership is the biggest sham': Comments of the week

08/24/18

Readers react to an argument that credit unions are being unfairly attacked, weigh in on trends in enforcement, reflect on the need for worker diversity programs and more.

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Jamie Dimon, Tim Cook among CEOs fearing 'harm' from Trump immigration policy

08/23/18

Dozens of top U.S. business leaders including JPMorgan Chase's Jamie Dimon, Apple's Tim Cook and Pepsico's Indra Nooyi signed a letter expressing "serious concerns" about the Trump administration's immigration policy changes and their potential to undermine economic growth.

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Bank earnings ride tax reform wave to another record: FDIC

08/23/18

The industry’s profit was $60.2 billion, a more than 7% increase from the previous record set in the first quarter and a 25% leap from a year earlier, the agency said in its quarterly report on the industry's health.

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Senate Banking advances CFPB nominee over Dem objections

08/23/18

The committee approved the nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau, despite strong Democratic opposition, as well as President Trump's picks for Ginnie Mae, the Export-Import Bank and several other positions.

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Moderate Dem says she will oppose CFPB nominee in committee vote

08/22/18

Sen. Heidi Heitkamp, D-N.D., has compromised with Republicans on key issues and supported other Trump nominees, but she said Kathy Kraninger lacks enough experience to run the consumer bureau.

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Lawsuit, taped recordings by accuser keep pressure on FHFA’s Watt

08/21/18

The employee who made sexual harassment allegations against the agency’s director also claims Watt withheld her pay increase after she refused his advances.

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