Joe Adler is the former Washington Bureau Chief of American Banker.
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The guessing game is over about President Biden’s pick for Federal Reserve chair, but several names are in the mix for three additional vacancies on the board, including vice chair for supervision.
By Kate BerryDecember 5 -
Michael Hsu, the acting head of the Office of the Comptroller of the Currency, said the agency is considering steps such as urging institutions to choose board members from a diverse candidate pool, “or requiring institutions to either diversify their boards or explain why they have not.”
By Joe AdlerOctober 5 -
The industry opposes expanded IRS reporting and other tax-related provisions that Congress would use to pay for the overhaul. But the bill could also boost funding for small businesses and affordable housing.
By Joe AdlerSeptember 14 -
The central bank said the proposed measure governing transactions on FedNow — a real-time service expected to be available in 2023 — would be similar to the framework for the current Fedwire Funds Service.
By Joe AdlerJune 1 -
Loans and tax-subsidized investments by financial institutions have helped fund food markets and pantries in low-income communities. But there is still more work to do to close the grocery gap.
By Joe AdlerApril 28 -
The comments by Federal Deposit Insurance Corp. Chair Jelena McWilliams published in Politico reinforce optimism that the banking agencies could settle years of disagreement about modernizing the Community Reinvestment Act.
By Joe AdlerMarch 8 -
Federal Reserve Gov. Lael Brainard said "scenario analysis" is distinct from traditional regulatory tools to assess capital strength, but can measure the long-term impact of weather events and the transition to a greener economy.
By Joe AdlerFebruary 18 -
Brian Brooks may be remembered as one of the most controversial interim regulatory chiefs in recent memory, taking positions on the pandemic response, fintechs’ banking ambitions and other issues that won him supporters and critics alike.
January 13 -
Congress's enactment of the defense spending bill opposed by the White House removes the final hurdle for a key anti-money-laundering provision.
By Joe AdlerJanuary 2 -
In 2020, the news in Washington was dominated by the regulatory impact of COVID-19 and presidential politics. There was also a new rule changing how national banks will be examined under the Community Reinvestment Act, and the 10th anniversary of Dodd-Frank. Here is a look back at stories from the past year.
By Joe AdlerDecember 27