= Subscriber content; log in or subscribe now to access all American Banker content.
Regulators' latest guide for examining anti-laundering procedures lacks wholesale changes, but institutions still must decipher minute changes with potentially big impacts.

Breaking News

The financial industry and the White House are gearing up for a fresh battle this spring over investment advice for retirement savings.

Banks want all loans held in portfolio to be classified as ultrasafe regardless of the underwriting characteristics or of a bank's asset size. But consumer activists and independent mortgage lenders are raising red flags ahead of possible Senate Banking action.

Executives from two insurance companies, Prudential Financial and Country Financial, warned Thursday that the Financial Stability Oversight Council should be more transparent with the institutions it oversees, despite recent reforms.

Individual rules put in place after the financial crisis have made some large banks safer, but the number and complexity of new regulations may well have made the overall system riskier, according to a provocative new paper by a top financial analytics firm.
Comments (1)

A GOP-led measure would have forced the Defense Department to do more study before finalizing regulations on high-cost loans to service members. It was quashed when five Republicans voted with Democrats on the House Armed Services Committee.

Community banks should consider agreeing to higher capital standards in return for a simpler capital compliance regime, Federal Reserve Board Gov. Daniel Tarullo suggested Thursday.

Financial industry groups are supporting the effort to stop the Pentagon from issuing new regulations on high-cost lending this year, while congressional Democrats and consumer groups are decrying it.

The Senate Banking Committee kicked off the first of several hearings on the insurance industry this week, as companies brace for heightened oversight under the Dodd-Frank Act and other efforts.

The Consumer Financial Protection Bureau gave a strong warning to the banking industry on Tuesday when it fined Regions Financial $7.5 million for allegedly charging illegal overdraft fees.
Comments (1)

Large foreign firms are facing key decisions about the size of their footprint here as they approach a Federal Reserve Board requirement to form a separate holding company to house their U.S. subsidiaries.

See all Bank Regulation, Washington Bank Reform News

Already a subscriber? Log in here
Please note you must now log in with your email address and password.