Federal Reserve Board Chairman Janet Yellen (Bloomberg News)
In the old days the Fed's monetary policy and bank supervision were separate sides of the house. But its postcrisis capital rules for banks are blurring those boundaries.

Breaking News

The Obama administration is urging activists like the National Council of La Raza to support legislation to overhaul the housing finance market, ahead of a Senate Banking Committee vote scheduled for late April.

David Stevens, president and CEO of the Mortgage Bankers Association
As drafted, the Johnson-Crapo bill would allow big banks to originate, aggregate, and guarantee mortgages. Small lenders worry such vertically integrated companies could price them out of the business.

Julie Williams, head of the domestic advisory practice at Promontory Financial Group (Bloomberg News)
The Office of the Comptroller of the Currency is likely to make changes to its proposal outlining the "heightened expectations" the largest banks must face after the industry raised concerns that certain provisions could backfire.

The moves are part of a recent trend of banks exiting businesses that they believe have fallen out of favor with regulators.
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Sens. Charles Schumer (left), and Jack Reed (Bloomberg News)
The Senate Banking Committee is scheduled to vote on its bill to overhaul the mortgage finance market on April 29, but questions are now being raised about whether that date will slip, as supporters struggle to secure additional votes.

The federal push to stamp out illegal online lending is having unintended negative consequences, an umbrella group for state banking regulators says.

Regulators are clearly interested in crafting further reforms to Community Reinvestment Act policy following relatively minor changes last year. Here's a guide to what they may target.
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PNC CEO Bill Demchak
Bill Demchak, PNC's chief executive, gives a candid and detailed interview on a range of subjects, from the CFPBs crackdown on indirect auto lending (misguided, in his view) to the Fed's proposed Basel liquidity rule to housing finance reform.

Comptroller of the Currency Thomas Curry (Bloomberg News)
Comptroller of the Currency Thomas Curry sought to reassure community bankers this week that the agency does not expect them to comply with its "heightened expectations" proposal aimed at bolstering risk management and improving governance at the biggest banks.
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FDIC Chairman Martin Gruenberg (Bloomberg News)
A study released by the Federal Deposit Insurance Corp. says statistical trends suggest that community banks have been resilient and will remain relevant, despite the rapid decline in charters.
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