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The next president whoever it is will have the chance to advance a nomination for the Federal Reserve vice chairman for supervision, a job for which no one has yet been nominated. That selection could affect bank regulation for decades.
June 6 -
It has been seven years, and its going to take about $16.1 million, but First Reliance Bancshares in Florence, S.C., says it is about to close a key chapter in its post-crisis recovery and is ready to ramp up growth.
June 6 -
The Federal Reserve has made clear that higher rates are more a question of when, not if, but banks should let go of rate hikes being anything like they were under Alan Greenspan.
June 6Milepost Capital Management -
To account for the heightened questioning and investigations around the Panama Papers hack, people need to legal-up and issuers, financial institutions and processors need to gear-up for expected spikes in work related to due diligence, more precise monitoring of transactions, payments and sanctions filtering, possible ad-hoc examination and possible fines.
June 6GFT -
In a pair of proposals approved by the Federal Reserve Board Friday afternoon, the Federal Reserve signaled to the insurance industry that it knows the difference between them and banks. But the devil may still be lurking in the details.
June 3 -
New York's financial regulator has ordered 28 online lenders to disclose whether they offer loans to state residents and to describe the types of financing they provide.
June 3 -
In an initial regulatory move released by the Federal Reserve Friday, the central bank was emphatic about distinguishing between the capital and liquidity risks posed by insurance activities versus the riskier ones that firms may be engaged in.
June 3 -
Comments by JPMorgan Chase's Jamie Dimon have added fuel to the long-discussed idea of a national database that would make it easier for banks to vet customers for anti-money-laundering and other risks.
June 3 -
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.
June 3 -
The Consumer Financial Protection Bureau's complex payday lending proposal is sparking concerns that state legislatures will try to repeal existing usury laws and allow a parade of pro-payday-lending bills to move forward.
June 2