Top Five Stories in Regulation and Reform
February 25, 2013 2:08 PM
Banks and their regulators are bracing for harsh, across-the-board federal budget cuts set to go into effect on March 1. Will it hurt banks? Yes, and here's how: How the Budget Sequester Could Hurt Banks (Image: Bloomberg News)
A regulatory plan that changes how banks must account for holdings on their books is stirring anxiety in the financial services industry that it may force banks to make a premature decision about what they intend to do with an asset.Related Article: Bankers Fear FASB Plan Too Inflexible on Asset Sales
Rep. Maxine Waters is drawing inspiration from former Rep. Barney Frank as she succeeds him as Democratic banking leader. Frank has "led us to understand that which we have to fight for," she says in our exclusive interview, while also detailing her agenda for this year.Related Article: Waters Looks to Frank Model as New Dem Banking Leader
The CFPB is seeking input on ways it can help struggling student borrowers - but its ability to fix the problem may be severely limited.Related Article: Why CFPB's Plan to Help Students May Have Narrow Impact
Satirical comedian Stephen Colbert attacked Wells Fargo in his show two weeks ago, raising concerns about why institutions are still "too big to fail" and suggesting that viewing the bank's balance sheet could melt a person's face.Related Article: Stephen Colbert Savages Wells Fargo, Big Banks (Image: Bloomberg News)
