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The SEC and FASB control the process now, but Congress should give banking regulators a more central role in overseeing the creation of accounting rules.
January 4
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Readers respond to Wells Fargo's latest fine, weigh Sen. Elizabeth Warren's potential bid for president, consider how banks are preparing for climate change and more.
January 3
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The bank will pay over $15 million in restitution and fines to settle claims that it neglected stop-payment requests and reopened deposit accounts without customers' consent.
January 3
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The agencies are weighing a plan to reduce the scope of residential real estate transactions requiring an appraisal, but appraisers have warned that the proposal could have consequences.
January 3
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The Office of the Comptroller of the Currency advanced the ball last year by collecting public feedback on modernizing the law, but all three federal bank regulators will have to reach consensus on a formal proposal.
January 3
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In her New Year’s message, CFPB Director Kathy Kraninger called on the agency to ensure that consumers are treated fairly and that “the marketplace is innovating.”
January 3
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Both CUNA and NAFCU have responded to the bureau's request for input by raising concerns about cybersecurity, public complaints and more.
January 3 -
Facebook’s WhatsApp unit has been testing its payments app in India since May; investors price in an almost a 90% probability of no Fed hikes this year.
January 3
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Despite strong performance in the industry overall, analysts expect regulators to shutter more institutions in the years ahead.
January 3
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With a divided Congress in place, policymakers will face challenges in passing major financial legislation this year. But there are still a number of core issues set to be debated.
January 1
