Policy & Regulation

The Senate voted 58-41 on Thursday to confirm Ben Carson to be the 17th secretary of the Department of Housing and Urban Development.

With the new administration and eventual new leadership of the regulatory agencies, banks’ calculus that agreeing to consent orders is usually the right course is potentially changing.

Critics of Dodd-Frank argue that post-crisis regulations put a damper on lending. But loan growth at regional and community banks has "actually been very strong," says Joo-Yung Lee, head of North American financial institutions at Fitch Ratings.

A broad range of industry players are panning an October proposal by bank regulators that would impose new cybersecurity requirements on big banks, arguing it will only slow them down.

Lawmakers from both sides of the political aisle voiced their support Wednesday for keeping credit unions' federal tax exemption intact even as the Trump administration and Congress prepare to make sweeping changes to the tax code.

Although the news was mostly positive, the Federal Deposit Insurance Corp.'s Quarterly Banking Profile revealed potential warning signs for financial institutions.

Lawmakers, regulators, pundits and more took part in this year's CUNA GAC, reminding credit unions that the movement has stalwart friends on both sides of the aisle.

Banks are seeing mostly positive or neutral trends in loan demand and broader economic indicators in the first six weeks of 2017 and are upbeat about future prospects, according to the Fed's Beige Book.

Credit Union Journal asked the state leagues: what legislative or regulatory action are you currently monitoring in your state(s)? Is there anything specific that you are lobbying for or against?

A vote on a House plan to replace the Dodd-Frank Act may not happen as quickly as originally expected due to limited floor time and other legislative priorities, such as health care reform, that are likely to take precedent.