U.S. Bancorp CEO Richard Davis (Bloomberg News)
In a speech Tuesday, U.S. Bank Chief Executive Officer Richard Davis also offered mostly upbeat views about the evolving, more stringent expectations of bank regulators.

Breaking News

FDIC Vice Chairman Thomas Hoenig (Bloomberg News)
Speaking at American Banker's Regulatory Symposium, Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig said complex firms should not discount regulators' warnings of heightened supervision if their 2015 resolution plans fail to impress.

FinCEN Director Jennifer Shasky Calvery (Bloomberg News)
Financial Crimes Enforcement Network Director Jennifer Shasky Calvery pushed back again Tuesday against the idea that reports filed by bankers are not used by law enforcement officials.

Rep. John Delaney
Rep. John Delaney said Tuesday that he's "optimistic" Congress could take up reform of Fannie Mae and Freddie Mac next term, despite the political difficulties lawmakers have faced in getting legislation approved over the past two years.

In a broad-ranging Q&A at American Banker's Regulatory Symposium, Comptroller of the Currency Thomas Curry questioned the asset threshold used to subject larger banks to enhanced rules, and discussed examiners' concerns about the "culture" at banks.
Comments (1)

Regulators are developing joint standards for cybersecurity, testing special exam procedures and helping banks assess their own readiness, Federal Deposit Insurance Corp. Chairman Martin Gruenberg said at American Banker's 4th Annual Regulatory Symposium. That's a good thing because community bankers said they need a lot of help.

Mortgage underwriting overlays are not only tighter than they were precrisis, they're more restrictive than they were 15 years ago — a trend that Department of Housing and Urban Development Secretary Julian Castro wants to change.

Rebeca Romero Rainey, the CEO of Centinel Bank of Taos, will use part of her speech at a Federal Reserve conference on small banks this week to discuss the need for regulatory relief and her belief that community bankers have a duty to persevere under difficult circumstances.

A panel at American Banker's Regulatory Symposium about the Department of Justice program featured a spirited debate about whether it is prudently fighting fraud or cooling banks' relationships with legal businesses.

Sens. Sherrod Brown (left), and Richard Shelby (Bloomberg News)
There is a good chance legislation that would provide regulatory relief to small banks and address concerns about which banks are dubbed systemically important could be wrapped in the same Senate bill next year, experts said at American Banker's 4th Annual Regulatory Symposium.

Industry groups have urged the bank regulators to implement more wholesale changes in the second review mandated by a 1996 law, saying the outcome of the first review was disappointing.

See all Bank Regulation, Washington Bank Reform News

Marketplace
Fiserv is a leading global provider of information management and electronic commerce systems for the financial services industry.
Learn More
Informa Research Services is the premier provider of competitive intelligence, mystery shopping, and compliance testing services to the financial industry.
Learn More
CSC is a leader in private-label, third-party loan servicing with 30+ years of proven experience in delivering effective, cost-effective solutions.
Learn More
Already a subscriber? Log in here
Please note you must now log in with your email address and password.