Financial regulations

Readers consider Square's bid to become an industrial loan company, weigh the Federal Deposit Insurance Corp.'s oversight of brokered deposits and debate reforms to the Consumer Financial Protection Bureau.

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.

Senate Democrats are pushing the CFPB to resume examinations under the Military Lending Act, according to a letter sent to the agency's director on Tuesday.

Two Iowa CUs had to come up with new names after a 2018 law prohibited them from using state universities as part of their brand identity.

Crypto exchanges are adopting anti-fraud surveillance tools as they attempt to root out pump-and-dump schemes, insider trading and bogus orders.

The agency recently proposed gutting the ability-to-pay standard in its small-dollar loan rule, a move that would benefit the payday loan industry and harm consumers.

By applying to become an industrial loan company, the fintech would be able to use insured deposit accounts as a cheap source of funding without having to comply with the tough rules banks face.

Credit unions in the Cornhusker State are waiting to see whether lawmakers move forward on on a bill that would allow banks the opportunity to block field of membership expansions.

Bill Schirmer, president and CEO of Evansville Teachers FCU, will serve a three-year term on a panel for the Federal Reserve Board of St. Louis.

Bankers should pay attention to a recent case in Wyoming in which regulators have sought to bar two executives for misusing confidential bank information for the benefit of a rival institution.

Regulators spend considerable time and resources reviewing big mergers and the process shouldn’t be used as a proxy for the “too big to fail” fight.

From cybersecurity to capital, here's what the next NCUA board might (or might not) do on a host of issues.

A report identified gaps in documentation and other weaknesses that the watchdog said heighten the risk of agency officials being too cozy with the institutions they supervise.

The agency recently proposed gutting the ability-to-pay standard in its small-dollar loan rule, a move that would benefit the payday loan industry and harm consumers.

The agency’s proposed changes to its standard for small-dollar loans will help ensure underbanked consumers still have access to credit. Concerns about predatory lending are overstated.

The banking agencies would benefit from running simulations designed to ensure they’re ready to handle the next crisis.

After six years, a bill from Rep. Ed Perlmutter to allow banks and credit unions to serve legal marijuana businesses is finally getting some traction.

Todd Harper and Rodney Hood's nominations to the National Credit Union Administration board are not expected to face significant opposition.

Readers weigh legislative proposals on pot banking, consider JPMorgan's new digital coin, debate the Federal Deposit Insurance Corp.'s brokered deposit rules and more.

After six years, Rep. Ed Perlmutter tells American Banker he is finally seeing some traction on his legislation to allow banks to serve legal marijuana businesses.