Powell throws down gauntlet on Facebook’s Libra project

07/10/19

The Federal Reserve chairman said the social media giant’s cryptocurrency plan “cannot go forward” without improved regulatory controls.

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Powell says he won't resign as lawmakers defend independent Fed

07/10/19

The Fed chairman's exchange with House lawmakers Wednesday comes amid President Trump's criticism of Powell and the central bank’s policy decisions.

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House votes to protect VA loans, promote counseling for FHA borrowers

07/10/19

The chamber passed a bill that would clarify how certain loans backed by the Department of Veterans Affairs are securitized, and legislation encouraging first-time homebuyers to participate in counseling programs.

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Proven bank privacy laws should apply to tech firms, too

07/10/19

The Gramm-Leach-Bliley Act is a successful privacy law that ought to govern all financial services providers, not just banks.

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Fed officials differ on stress tests?; Deutsche's golden parachutes

07/10/19

Powell sees need to "keep firms on their toes" while Quarles wants easier tests; €52 million paid to leaving execs nears total paid to board.

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What to expect when you're expecting a report on GSE reform

07/09/19

Treasury and HUD are close to unveiling administrative and legislative options for ending the conservatorships of Fannie Mae and Freddie Mac. Will their findings be heavy on detail or leave a lot unanswered?

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Regulators exempt community banks from Volcker rule

07/09/19

Bank regulators finalized a proposal to exclude small institutions from the proprietary trading ban, as required by last year’s reg relief bill.

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In reversal, FHFA defends constitutionality of its leadership structure

07/09/19

The agency had decided not to challenge a recent court ruling that its structure violates the separation of powers, but newly confirmed Director Mark Calabria now appears willing to the fight the case.

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Debt settlement firm deceived customers about its services: CFPB

07/09/19

Freedom Debt Relief claimed it could negotiate on consumers’ behalf with creditors that in fact avoided dealing with debt settlement companies, the agency alleges.

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Simplified stress test metric will be ready by 2020: Fed’s Quarles

07/09/19

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

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