Law and regulation

A modern version of the Depression-era law would not only make banks safer, but it would also reduce compliance costs and erase the need for certain capital mandates.

Congress wouldn't intervene in a baseball manager's plan for his pitcher's strategy, which is prone to change. The same should be true for monetary policy decisions.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

House Financial Services Committee Chairman Jeb Hensarling said Thursday that odds are slim for major banking reforms to be included in the budget deal now being crafted, but unveiled ambitious plans for the coming year.

Bank of America passed the Federal Reserve's annual stress test after resubmitting its capital plan and persuading regulators it improved internal controls and loss and revenue models.

WASHINGTON — Sen. Sherrod Brown, D-Ohio, ranking member on the Banking Committee, pushed for a vote on six banking panel nominees on the Senate floor Wednesday, though the effort was ultimately defeated.

WASHINGTON — Banks have loosened underwriting standards for the third year in a row, reaching levels that are now similar to the 2005-7 period before the financial crisis, according to a report released Wednesday by the Office of the Comptroller of the Currency.

The House Financial Services Committee approved a data security bill Tuesday that would require all financial companies to have similar security protections and notification requirements as banks.

The window is rapidly closing for the inclusion of key banking measures in the budget package as lawmakers remain sharply divided over the bill.

Several CEOs hitting the magic age of 63 have chosen to sell their institutions, suggesting a dearth of younger executives waiting in the wings.

The Financial Stability Oversight Council is an enigmatic interagency body that has not provided enough rationale for designating certain insurance firms as a threat to the economy, the Republican leadership of the House Financial Services Committee said Tuesday.

The Consumer Financial Protection Bureau's Calvin Hagins warned mortgage lenders about the regulatory agency's four exam priorities for next year: loan-officer compensation, steps taken to ensure borrowers' ability to repay, compliance with "Know Before You Owe" consumer disclosures, and marketing services agreements.

The danger posed by the Federal Reserve is in its unchecked power coupled with its inability, like that of any institution, to predict the future.

WASHINGTON — More than 442,400 consumers were affected by the Oct. 12 glitch that froze RushCard users' funds after a payment processor switch, the company told lawmakers.

WASHINGTON — The Consumer Financial Protection Bureau is seeking $1.85 million in fines and restitution from EOS CCA, a Norwell, Mass., debt collection firm accused of holding on to a tainted AT&T portfolio of old cellphone bills.

WASHINGTON — Democratic presidential candidate Hillary Clinton is urging lawmakers to push back on Republican efforts to insert banking provisions into a yearend budget bill.

The upcoming release of the evaluations for the largest banks' resolution plans won't just reflect on the institutions themselves, but the regulators as well. Here's why.

The White House signed a five-year, bipartisan highway bill into law Friday evening.

Over 20 mortgage and real estate-related trade groups are urging Congress to provide a hold harmless period till Feb. 1 for any errors regarding implementation of the integrated Respa-TILA mortgage disclosures.

The Federal Reserve on Friday issued a final rule laying out how its regulatory capital rules would apply to banks with nontraditional institutional investors – such as limited liability corporations or partnerships – that hold controlling interests.