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President plans to ease regulatory burden on the largest banks; online merchants say a Visa-Mastercard button blocks cheaper payment methods.
May 25 -
While industry officials welcomed a bulletin from the Office of the Comptroller of the Currency encouraging banks to develop alternatives to payday loans, they are making no commitments to offer such products.
May 24 -
Jelena McWilliams, most recently chief legal officer at Fifth Third, previously served as a Senate GOP aide and an attorney at the Federal Reserve Board.
May 24 -
The agreement was tied to the Puerto Rico company's 2010 purchase of the failed Westernbank.
May 24 -
Montgomery was confirmed by the Senate 74-23 to serve his second stint at the FHA, where he previously was commissioner during the George W. Bush administration.
May 23 -
Long-awaited modifications to proprietary trading ban are to be unveiled at an open meeting on May 30.
May 23 -
A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman.
May 22 -
Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier.
May 22 -
Combined with another key change that would give banks more leeway in trading, the revisions on hedging could further blunt the impact of the rule named after a former Fed chairman.
May 21 -
Commenters will have more time to weigh in on the plan, by the Fed and OCC, that has triggered divisions among the federal regulators.
May 18 -
With Congress set to approve a regulatory relief bill and vote on an FDIC chairman, banks will soon see the deregulation they’ve long been anticipating.
May 18
American Banker -
Jelena McWilliams is expected to be easily approved by the full Senate when her nomination as FDIC chair comes up for a vote.
May 17 -
The proposed change would give banks more leeway in making trades and put more onus on regulators to challenge their judgments, sources said.
May 15 -
The Fed and FDIC are at odds over how proposed changes to the supplemental leverage ratio would change megabanks’ capital levels. Here's why both estimates are right but misleading.
May 14 -
As more consumer data is shared across banks, fintechs and data aggregators, the industry is asking for regulators to step in with better guidance.
May 11 -
With the regulatory relief bill set to become law soon, some congressional Republicans are already calling for additional rollbacks to the Dodd-Frank Act. There’s one thing they should keep in mind: Community banks had a hand in the crisis too.
May 10
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Citizens Financial Group plans to merge its two banking charters into a single national bank. The move would make the OCC the bank's primary regulator and eliminate the costs of dealing with the FDIC and state officials.
May 10 -
Trump-appointed regulators are making headway on easing regulations. But there's one critical voice missing.
May 4 -
The Federal Reserve’s top regulator says proposed capital changes make system safer while overall capital levels are unchanged.
May 4 -
MetLife and Prudential exceed expectations; cybercurrency desk will trade contracts linked to the digital currency’s value.
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