FDIC

The Comptroller of the Currency said the Federal Reserve had disagreements with the metrics of a pending proposal to revamp the Community Reinvestment Act.

The regulators approved the deal after nine months of consideration, but the Fed hit SunTrust with a consent order tied to "unfair and deceptive" business practices from 2013 to 2017.

The proposal would allow applicants with minor criminal records to work in the banking industry.

Rules related to custody banking, commercial real estate and derivatives were among the last required under last year’s regulatory relief law.

The financial policy views of progressive candidates atop the presidential field are sure to worry many in the financial services industry, but it would be difficult for any new president to implement sweeping regulatory changes.

In recent months federal regulators have been speaking out on the risks that extreme weather events pose to the financial system, something their European counterparts have been doing for some time.

A prominent credit union blogger is calling for the National Credit Union Administration to follow the Federal Reserve and FDIC's lead on possibly revamping the risk-rating system.

The financial policy views of progressive candidates atop the presidential field are sure to worry bankers, but it would be difficult for any new president to implement sweeping regulatory changes.

Readers react to the FDIC's fine against a bank over a 5-year-old consent order, Regions Financial's about-face on acquisitions, HUD's promotion of a controversial CFPB official and more.

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.

After others have hinted the three bank regulators may part ways on a Community Reinvestment Act proposal, Federal Reserve Chairman Jerome Powell told lawmakers a “common answer” is the ideal outcome.

Sen. John Kennedy, R-La., has proposed a bill to bar companies such as Rakuten from using industrial loan companies to access the banking system.

The three federal bank regulators usually try to issue rules jointly, but Comptroller of the Currency Joseph Otting on Tuesday pointed to areas where the agencies may move on separate paths.

Many in the industry have cheered regulators’ interest in improving the supervisory rating system, but they may shy from commenting publicly about their experiences in a confidential process.

Readers react to Sen. Warren's call for banks to fund her Medicare plan, a proposal requiring big-bank CEOs to testify before Congress, federal regulators lacking Trump appointees on their board and more.

A proposal to revise how the agency calculates the restrictions for less than well-capitalized banks relies on faulty methodology and ignores competition from fintechs and credit unions, according to the industry.

The CFPB, OCC and FDIC are signaling a renewed focus on the sector after regulation of it fell more to the states in recent years.

A group affiliated with Interactive Brokers Group has filed an application with the FDIC to form Interactive Bank.

The proposed Verdigris Bank would rely heavily on technology, applicants say.

Regulators globally are using "tech sprints" to test new anti-money-laundering solutions. More can be done, but it's a good start.