-
In a speech in New York City, Sanders vowed to remove the ability of the Federal Reserve to pay interest to banks for their excess reserves, turn the credit rating agencies into nonprofits, allow the U.S. Postal Service to offer bank products, and cap ATM fees and interest rates for loans.
January 5 -
The Financial Stability Oversight Council will face critical tests in 2016, including a lawsuit over its designation of MetLife as a systemically important nonbank and whether it will de-designate GE as a SIFI.
January 5 -
Community Shores Bank Corp. in Muskegon, Mich., has raised about $5.3 million and has been released from an enforcement action.
January 5 -
Banks have made changes to overdrafts, such as lowering fees offering clearer explanations. They better, as the CFPB will soon offer new rules for overdrafts. Plus, overdraft revenue has declined at many banks. Still unanswered is the question of how to offer short-term credit, if overdrafts disappear.
January 5
-
WASHINGTON JPMorgan Chase and EverBank were released from business restrictions stemming from the foreclosure reviews that originated in 2011, but also face new civil money penalties for their earlier violations of those restrictions, the Office of the Comptroller of the Currency said Tuesday.
January 5 -
If impending rules on overdraft protection go too far, banks could intentionally pull back on providing the service to illustrate just how useful it is.
January 5
-
From exposés of the Consumer Financial Protection Bureau's wrangling with auto lenders to analyses of the banks' technological experimentation and retooling, these are American Banker's most popular stories of 2015.
January 4
-
The Sarbanes-Oxley Act of 2002 is important, but it barely scratches the surface of former House Financial Services Committee Chairman Michael Oxley's impact on banking.
January 4 -
U.S. judge rejects Quicken Loans' effort to move FHA loan case to Detroit courtroom.
January 4 -
The presidential race is likely to overshadow most political events in 2016 as the first primary states begin voting in February. Accordingly, many of the people on this list are candidates who could win the presidency in November, or at least have the chance to shape the outcome. But there are also some guaranteed players already in place whose actions will help shape banking policy in the year to come. Here are the top 10 to watch.
January 4
