In her first speech as a governor, the former community banker and Kansas state regulator highlighted the strengths of smaller institutions and the banking agencies' tailoring efforts.

The Federal Reserve’s top regulator, who assumed the chairmanship of the international board in November, said the FSB should explain the rationale behind its financial benchmarks while establishing new ones to combat emerging threats.

Some have suggested the BB&T-SunTrust deal could spur similar ones, but prolonged M&A growth is hardly a sure thing in this political environment.

“The board's record of summarily approving mergers raises doubts about whether it will serve as a meaningful check on this consolidation that creates a new too big to fail bank,” Sen. Elizabeth Warren said in a letter to the Fed.

The comptroller of the currency also addressed, in his role as acting FHFA head, whether Congress or the Trump administration will spearhead GSE reform.

The combined bank will move into a more demanding supervisory class under the Fed’s regime, but analysts also see a regulatory upside from the deal.

The central bank has drawn mixed reviews for new stress test scenarios and changes to how much banks know about the test beforehand. Its top regulatory official says the enhancements help the post-crisis regime evolve.

The House Financial Services Committee will hold a hearing Feb. 26 on "holding credit bureaus accountable" — one of seven hearings scheduled by the panel for the month.

The exemption was included in a suite of other changes unveiled to provide greater transparency to the Fed's stress testing regime.

Federal Reserve chairman and vice chairman meet the president for dinner, but interest rates aren’t on the menu.

Federal Reserve Board Gov. Lael Brainard said public comments demonstrate a desire among stakeholders for reforms to be implemented consistently across the Fed, OCC and FDIC.

If Cain is chosen for the Federal Reserve Board, it would be starkly out of step with the administration’s other nominations and may reveal a drastic change in the president’s attitude toward the central bank.

The European Commission says eight unnamed banks operated as a cartel in the €7 trillion eurozone government bond market; authorities detected a 150-foot tunnel leading to a JPMorgan Chase branch in Florida.

Herman Cain, the former pizza company executive who ran for the Republican presidential nomination in 2012, is being considered by President Trump for a seat on the Federal Reserve Board.

The top Democrat on the Senate Banking Committee is warning that excessive optimism in the banking system could lead to another crisis.

It’s possible the G-SIB surcharge, an additional capital charge on large banks, contributed to market volatility at the end of last year, argues Sen. Thom Tillis.

Federal Reserve Chairman Jerome Powell said a messy breakup between the United Kingdom and European Union could pose risks to the economy and financial system.

Banks use anti-money-laundering and fraud systems to try to catch scams that prey on senior citizens. A few, including Wells Fargo, are working on artificial intelligence that could spot them even earlier.

Banks say regulatory relief efforts should go even further, while public interest groups — and even one of the Fed’s regional offices — say the proposals to roll back supervisory standards go too far.

There’s no reason for the central bank to prohibit nonbank financial firms from entering the payments system as long as appropriate rules are put in place to protect against risk.