Fed revises supervisory rating system for large banks
The final rule aligns ratings with a supervisory program the Fed established in 2012 to emphasize capital, liquidity, and governance and controls. ... Read full article
The final rule aligns ratings with a supervisory program the Fed established in 2012 to emphasize capital, liquidity, and governance and controls. ... Read full article
As the Federal Housing Administration prepares to release its annual actuarial report sometime this month, the industry is questioning how the reverse mortgage program fits into the agency's future. ... Read full article
The unique approach Fannie Mae and Freddie Mac are each taking with their credit-risk transfer products is quickly becoming a key point of differentiation that's rekindling competition between the government-sponsored enterprises. ... Read full article
The federal government is reviving a push to beef up consumer rights when dealing with major banks. ... Read full article
Instead of focusing on testing grounds for fintech startups, regulators should develop initiatives to improve their own oversight and compliance technologies. ... Read full article
The two allegedly helped to defraud a Malaysian sovereign wealth fund; Michelle Bowman is expected to bring a Main Street perspective to the central bank. ... Read full article
The suit is tied to Walmart's decision to shift its credit card business to Capital One. ... Read full article
Heightened competition from nonbanks, the rise of populism and the uncertainty surrounding Libor’s demise are just some of the short- and long-term threats facing big banks, risk executives say. ... Read full article
Readers respond to an FTC settlement with SoFi, weigh calls to simplify Wells Fargo, consider crypto's revolving door and more. ... Read full article
One of the biggest sticking points as regulators try to reform the Community Reinvestment Act is expanding the assessment footprint but ensuring banks continue to serve their direct communities. ... Read full article
The report by the Consumer Federation of America said the regulatory agency has "ample legal authority" to enforce the Military Lending Act despite the bureau's plans not to examine firms for compliance. ... Read full article
The Dallas bank inherited the five Bank of the Hills branches when it acquired Sterling Bancshares in 2011. ... Read full article
Koebler, the bank's head of consumer lending, will replace Jerome Lienhard, who is retiring. ... Read full article
The $660 million investment from Hudson Executive Capital is seen as a vote of confidence in Deutsche Bank CEO Christian Sewing. ... Read full article
The credit card company's filings mirror patents Bank of America, Barclays and TD Bank have submitted in the past two years that focus on how funds transfers and data security would augment blockchain technology. ... Read full article
The approval marks the New York’s bank regulator 12th license to a crypto-related business. ... Read full article
Jelena McWilliams has signaled a thaw in the agency’s approach to industrial loan companies, but she said tech firms and other nonbanks seeking charters should face the same level of regulatory scrutiny as more traditional banks. ... Read full article
The advocacy group argues that major core processors are not helping small banks keep pace with customers' technology demands. ... Read full article
Regional lenders would be subject to less regulation while the biggest banks would see no change; the insurance giant got hit with claims from several large natural catastrophes. ... Read full article
The financial system is safer than it was 10 years ago, says John Taft, vice chairman of Baird. But there are still risks lurking unseen in areas like ETFs, ... Read full article