Federal regulators should speak with one voice on CRA: Fed’s Brainard

02/01/19

Federal Reserve Board Gov. Lael Brainard said public comments demonstrate a desire among stakeholders for reforms to be implemented consistently across the Fed, OCC and CRA.

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Herman Cain buzz signals shift in Trump’s Fed strategy

02/01/19

If Cain is chosen for the Federal Reserve Board, it would be starkly out of step with the administration’s other nominations and may reveal a drastic change in the president’s attitude toward the central bank.

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Simple’s new CEO brings Amazon chops to banking

02/01/19

Among David Hijirida's lessons learned at the online giant: Companies are often so focused on competitors that they neglect their own customers.

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Auto lenders upbeat amid fears credit cycle will sputter

02/01/19

Executives from Ally Financial and Santander Consumer USA gave rosy outlooks this week about 2019 consumer trends, while other banks that rely less heavily on car lending offered more cautious appraisals.

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Crapo shakes up GSE reform with housing finance plan of his own

02/01/19

The Senate Banking Committee chairman released an outline for overhauling the U.S. housing finance system more than 10 years after the government put Fannie Mae and Freddie Mac into conservatorship.

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Changes to capital rules should be part of GSE overhaul

02/01/19

As policymakers consider administrative reforms to Fannie and Freddie, they must address the problem of capital arbitrage to avoid overleveraging the mortgage system.

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EU charges 8 banks with price fixing; FBI, police foil bank moles

02/01/19

The European Commission says eight unnamed banks operated as a cartel in the €7 trillion eurozone government bond market; authorities detected a 150-foot tunnel leading to a JPMorgan Chase branch in Florida.

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'Can it be that these people take themselves seriously?': Comments of the week

02/01/19

Readers weigh in on calls that regulators consider the financial risks from climate change, respond to Trump administration plans to overhaul the housing finance system, consider GOP strategy on the House Financial Services Committee and more.

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It’s a platform planet. Can banks adapt to it?

02/01/19

Thanks to big tech companies, the business world is moving to third-party platforms, or online marketplaces where sellers pull buyers' products off digital shelves. A growing number of financial institutions — including BBVA, Citi and community banks like Eastern — say they can't afford to sit out the trend.

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SBA plays catch-up as threat of another shutdown looms

01/31/19

Lenders are glad the agency worked swiftly through a backlog of paperwork, but they're worried funds will get cut off if the government closes again.

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