Brendan Pedersen covered Capitol Hill and regulatory politics for American Banker until September 2022. From 2019-2021, he covered the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency as well as fintech policy. Originally from Chicagoland, he was previously a staff writer for Kiplinger's Personal Finance and covered local business affairs in Denver, Colorado for BusinessDen.
-
The judge sided with the New York State Department of Financial Services, which had sued the OCC over the proposed charter.
October 21 -
The chairman acknowledged the timetable is "ambitious."
October 21 -
Kenneth Blanco's tough comments appeared to target payments providers that offer their users anonymity.
October 21 -
With policymakers casting doubt on Facebook's cryptocurrency and some of the social media giant's partners pulling out, a Federal Reserve governor continued the drumbeat of criticism.
October 16 -
The three federal bank regulators often say they want to work together to reform the Community Reinvestment Act. But once again, a senior official has raised the possibility the agencies will move separately.
October 16 -
The Office of the Comptroller of the Currency found deficiencies related to the bank's holding period for "other real estate owned."
October 11 -
All personnel will qualify for up to six weeks of paid leave following the birth, adoption, or foster-care placement of a child in their home, the agency said.
October 9 -
The payments company’s departure from the association leading Facebook’s Libra cryptocurrency plan is the clearest sign that skeptical policymakers are the plan's biggest obstacle.
October 9 -
A new law authorizes municipalities in the nation’s largest state to charter their own financial institutions to reinvest public funds into the community.
October 3 -
The new regulation will allow more flexibility for board directors and senior managers to serve at multiple institutions.
October 2 -
Jelena McWilliams told community bankers that policymakers should be a resource for banks trying to adopt new technology.
October 1 -
With financial institutions relying more and more on cloud computing services, Washington is increasingly focused on the concentration of industry data in the big three technology giants.
September 30 -
Kenneth Blanco expressed concern in a speech about cyber criminals using "synthetic identities" to commit fraud with data stolen from fintech platforms.
September 24 -
Steven Zeisel, a lobbyist with the Consumer Bankers Association who died Sunday, was a strong voice for financial institutions navigating post-crisis regulations. He also had the ear of policymakers on the other side of the table.
September 19 -
The plan approved by the Federal Deposit Insurance Corp. Tuesday would require banks to exchange initial margin only in deals involving external swaps parties.
September 17 -
Regulators have redefined a simplified capital measure for community banks following criticism that their 2018 proposal did not go far enough.
September 17 -
Regulators are letting banks choose from among four security frameworks, but some observers are urging a more prescriptive approach.
September 16 -
The Cincinnati bank applied in May to convert its Ohio state charter amid an expansion into Texas and Colorado and the completion of its merger with MB Financial.
September 10 -
The Treasury secretary said he hopes lawmakers will back reforms of Fannie Mae and Freddie Mac within three to six months.
September 9 -
Higher net interest income and securities gains boosted quarterly profit to $62.6 billion, which was 4% higher from a year earlier. But potential trouble signs from lower interest rates may emerge.
September 5


















