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After Wells Fargo became the first U.S. bank ever sanctioned over its resolution plan, observers are wondering what it means for the future of the institution and the living will process.
December 13 -
Of the five banks that failed their living will tests earlier this year and were forced to resubmit plans, only Wells Fargo failed again, resulting in immediate regulatory action that will restrict its growth, including its ability to expand internationally and buy nonbank subsidiaries.
December 13 -
Judicial review of regulators' economic analyses can help validate whether a rule will solve a real problem at a reasonable cost.
December 13Mercantus Center at George Mason University -
Industry observers worry that the Dodd-Frank Act's Title II which gives the Federal Deposit Insurance Corp. authority to oversee the resolution of a complex financial institution could be the first thing under fire when the Trump administration undertakes financial reform.
December 12 -
WASHINGTON Gary Cohn, president and chief operating officer at Goldman Sachs, has been offered the job of director of the National Economic Council in the Trump administration, several news outlets reported Friday.
December 9 -
WASHINGTON The Federal Reserve Board is slated to vote next week on a final rule meant to help regulators recapitalize a major U.S. bank if it should run aground, one of the last significant capital regulations that the agencies have yet to complete.
December 8 -
Sen. Jeff Sessions, R-Ala., President-elect Donald Trump's pick to head the Department of Justice, could play a key role in the fate of the agency.
December 8 -
Banking and credit union trade groups are urging Congress to consider repealing any upcoming Consumer Financial Protection Bureau rules governing arbitration, payday lending, debt collection and prepaid cards by using its authority under the Congressional Review Act.
December 7 -
The Dodd-Frank Act allows the Consumer Financial Protection Bureau to litigate its own cases independently of the Department of Justice except before the Supreme Court. If the landmark PHH v. CFPB case makes it that far, how will a Trump Department of Justice respond?
December 7 -
And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.
December 6