Policy & Regulation

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

WASHINGTON — Congress may end up revisiting a long-fought battle over debit interchange fees after Rep. Randy Neugebauer, R-Texas, introduced legislation Tuesday that would eliminate current caps that were part of a contentious addition to the Dodd-Frank Act.

The OCC might also open up an outpost "where the tech firms are," the Comptroller of the Currency said Tuesday.

House Speaker Paul Ryan, R-Wis., unveiled a Republican agenda Tuesday aimed at jump-starting the economy which includes a number of financial reforms including revamping the Consumer Financial Protection Bureau and limiting bank regulations.

Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

Fears about repurchase requests made by Fannie Mae and Freddie Mac persisted beyond the crisis, but those fears don't match actual repurchase numbers.

During an event in Washington, Brian Moynihan touched on the regulatory environment as well as technological innovations like the distributed ledger that are changing the banking industry.

Consumer advocates are urging the Consumer Financial Protection Bureau to strengthen its proposal to rein in payday lending, arguing it would still allow borrowers to be abused.

The Federal Deposit Insurance Corp. was able to access emails between staff at the agency's Office of Inspector General in a possible violation of the watchdog agency's independence, the FDIC confirmed Monday.

Small-business lenders are scrambling for financing to accommodate a possible real-estate-related borrowing surge once a key federal rule change takes effect next week.