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Readers react to President Trump considering a credit union regulator to head of the Consumer Financial Protection Bureau, debate a delay for top banking nominees, opine on the value of blockchain, and more.
January 5
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The Trump administration should not name J. Mark McWatters as head of the consumer agency, given his lack of experience overseeing commercial banks and his leadership of the National Credit Union Administration, a cheerleader for the industry it supervises.
January 5
Calvert Advisors LLC -
Agency plans to address issues and regulation of cybercurrencies; OCC says the bank failed to fix problems cited in a 2012 consent order.
January 5
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Banks still have advantages in the battle against big tech firms like Amazon and Facebook, but they will need to capitalize on those to survive.
January 4
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The OCC said Thursday that the bank has yet to fully meet the conditions of a 2012 consent order requiring it to address problems in its Bank Secrecy Act and anti-money-laundering compliance programs.
January 4
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In adding Martin Pfinsgraff, until recently the OCC's deputy comptroller for large-bank supervision, and retired Air Force Brig. Gen. Linda Medler, a cybersecurity expert, the regional bank says it is trying to build a board with expertise in fields of timely interest.
January 4
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Sen. Sherrod Brown called on the Trump administration to support the Consumer Financial Protection Bureau's enforcement action against PHH Corp., which agreed to a
$45 million settlement this week related to foreclosure abuses.
January 4
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The company sold securities in the fourth quarter to stay below $10 billion in assets and avoid a cap on interchange fees.
January 4
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The banking industry braced for big changes with the election of President Trump, but the financial reform law has proven its staying power over the past year.
January 4
American Banker -
The railroad industry executive will replace Raymond Fortin as general counsel.
January 4
