Dodd-Frank

The Senate Banking Committee is already out of the gate with legislation on Iranian sanctions this week, but the fast movement has shed light on early friction between the panel's chairman and ranking member.

Federal Reserve Gov. Daniel Tarullo says "shadow banking" is another source of systemic concern for bank regulators

New York Community Bancorp wants Washington to raise the asset size for systemically important financial institutions, but in the meanwhile its asset sales to stay under the threshold helped to boost profits and its CEO is pursuing possible M&A deals.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are prodding the biggest banks for information about how they will respond to changes to a controversial Dodd-Frank Act swaps provision signed into law last month.

The Financial Stability Oversight Council's proposed changes to its process for designating nonbanks as systemically important are being widely praised as helpful and responsive, but many stakeholders say that they do not go far enough.

At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

WASHINGTON — The Office of the Comptroller of the Currency has named Michael Brickman as deputy comptroller for special supervision.

The focus on raising the $50 billion-asset threshold determining which banks face the toughest provisions is highlighting interest in letting more community banks enjoy exemptions written into the law.

Regulators have come to view macroprudential regulations as the guiding light of financial policy. But whether that strategy is working is open to debate.

The Financial Stability Oversight Council said its process of reviewing large nonbanks should include earlier engagement with companies and more public disclosure, among other changes.

The president used his annual speech before Congress to defend Dodd-Frank while pleading that lawmakers pass cybersecurity legislation.

In a State of the Union address declaring that “the shadow of crisis has passed,” President Obama said he will veto efforts to roll back financial reforms further while he reiterated support for a bill addressing cyber threats.

The industry is breathing a little easier now that the Supreme Court declined to hear a case that merchants hoped would lead to even lower debit interchange fees.

WASHINGTON — The Supreme Court has declined to take up an appeal from retailers seeking to toughen Federal Reserve Board restrictions on debit interchange fees charged by financial institutions.

A Wall Street lobbying group said President Barack Obama's plan to raise $110 billion over the next decade through a new tax on financial companies could stifle economic growth and make banks less likely to lend.

Industry officials insist the Federal Reserve's extension of a key compliance deadline was meant to aid the implementation process, but critics say it could lead to another effort on Capitol Hill to roll back key chunks of the controversial regulation.

Regulators on Thursday posted another round of abridged resolution plans for regional U.S. banks and scores of foreign-owned institutions.

Sen. Richard Shelby, R-Ala., is quickly assembling his team after being formally named head of the Banking Committee just last week, with many current and former staffers for the lawmaker taking top slots.

House lawmakers approved a package of financial services bills on Wednesday, including a controversial delay of the Volcker Rule, despite strong opposition from key Democrats.

Regardless of the outcome, MetLife's decision to fight the Financial Stability Oversight Council's ruling that the insurer is "systemically important" will have serious implications for the council's ability to rein in nonbanks.