Legal win has credit unions on defense again over redlining charges

08/26/19

Banks are expected to appeal last week’s field of membership ruling, but credit unions must also explain why part of their new rule doesn't discriminate.

[more]

Deutsche, UBS discussed alliance; battle over regulation continues

08/26/19

The banks considered an “unusual” investment banking merger; Volcker rule win will be followed by fights on capital rules, liquidity and stress tests.

[more]

JPMorgan's contrarian move: Stockpiling securities

08/25/19

The bank started buying more Treasurys and mortgage-backeds over a year ago, long before talk about rate cuts. What did it know that its rivals didn't?

[more]

Regulators aren’t done rolling back Volcker Rule

08/25/19

The agencies handed banks a significant victory when they finalized revisions to the Dodd-Frank proprietary trading ban, but officials also plan to re-propose changes to the “covered funds” section of the rule.

[more]

House Democrats ask CFPB to abandon payday rule overhaul

08/23/19

House Financial Services Committee Chairwoman Maxine Waters and over a hundred other lawmakers want the agency to go forward with a mandatory underwriting requirement for payday loans.

[more]

Trump administration takes giant step backward on racial equality

08/23/19

Revamping the doctrine of disparate impact doctrine, as HUD proposes, would gut fair housing enforcement.

[more]

Banks getting bank into politics; Latest on Libra

08/23/19

After years of keeping a low profile, banks plan to spend in next year’s elections; the digital currency has eyes on the unbanked.

[more]

'A compliance nightmare': Comments of the week

08/22/19

Readers react to regulators revamping the Volcker Rule and the U.S. Postal Service getting into banking, criticize HUD's plan to make it harder for consumers to allege discrimination and more.

[more]

IG to Treasury: Don't whitewash lapses in Comerica benefits program

08/22/19

An inspector general’s findings suggest that the Texas bank could face more consequences over how it handled fraud cases last year tied to the Direct Express program.

[more]

Cardholder confusion could force issuers to simplify rewards

08/22/19

A J.D. Power official says supplemental benefits — many centered on travel cards — need to be pared down. His comments followed the company’s release of survey data that showed these hard-to-understand benefits were a drag on customer satisfaction.

[more]