Dodd-Frank

A more nuanced view than the two opposing camps supporting or denigrating Dodd-Frank seeks to make banks profitable while ensuring consumers are protected and benefit from economic growth.

WASHINGTON — More than fifty state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees.

The industry is better positioned than it was last year to weather a severe economic shock, according to the Fed, but the real test comes next week, when the central bank will release its latest evaluation of the sector's risk-management practices.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., slammed a House GOP bill to reform financial regulation on Thursday, arguing it is being misrepresented by its author, Financial Services Committee Chairman Jeb Hensarling.

Community bankers are trying to determine how they can offer affordable small-dollar loans that fit within the Consumer Financial Protection Bureau's complex 1,341-page payday lending plan.

Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

Federal Reserve Board Chair Janet Yellen signaled Wednesday that the central bank could support a House Republican effort to reduce banks' regulatory burden in return for institutions holding higher capital, but said such a deal should only be open to small banks.

The Federal Reserve Board's top two leaders on Wednesday defended the authority for resolving large company failures against criticism that the policy is a continuation of "too big to fail."

Resolution plans put in place following the financial crisis have made big banks expert at contingency planning. Nonetheless, bankers here are keeping their fingers crossed that Britain will remain in the European Union.

Federal regulators will take decisive action if the biggest banks fail to improve their living wills by October, Federal Reserve Board Chair Janet Yellen pledged to lawmakers on Tuesday.

More institutions are willing to pursue small acquisitions, or rely on organic growth, to cross over a regulatory threshold that includes interchange fee caps and stress testing. A big reason is that bankers are becoming more comfortable with the financial toll of such regulation.

WASHINGTON – Democratic Senators sent a letter Monday to federal financial regulators pressing them to "remain vigilant" while grading big Wall Street banks' resolution plans.

Minneapolis Fed President Neel Kashkari fired back Monday at those who argue "too big to fail" has been adequately addressed by Dodd-Frank and other reforms, contending that the new structure is overly complex and goes against real-world market conditions.

Real regulatory relief for community banks and stricter oversight of the biggest financial firms are steps that can increase investor interest in new banks.

On the one hand, Sen. Elizabeth Warren's potential elevation to vice president could give significant influence if Hillary Clinton wins the White House. But it would also remove a significant voice for reform from a key spot on the Senate Banking Committee.

House Republicans' plan to subject all federal regulators to the Congressional appropriations process is alarming industry observers, who argue it could hurt both banks and consumers.

WASHINGTON — Despite banker arguments that post-crisis financial reforms are damaging the health of the financial industry, Federal Deposit Insurance Corp. Chairman Martin Gruenberg sought Wednesday to paint a different picture, citing evidence that banks are doing well.

House Speaker Paul Ryan, R-Wis., unveiled a Republican agenda Tuesday aimed at jump-starting the economy which includes a number of financial reforms including revamping the Consumer Financial Protection Bureau and limiting bank regulations.

Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

During an event in Washington, Brian Moynihan touched on the regulatory environment as well as technological innovations like the distributed ledger that are changing the banking industry.