Policy & Regulation

Leadership of the Senate Banking Committee came into fuller view on Tuesday with the announcement of subcommittee assignments.

Critics say the Office of the Comptroller of the Currency is moving too far and too fast in its effort to offer a fintech charter, overlooking skepticism that it lacks sufficient legal authority.

The author responds to critics who say the national movement to move money from big banks to black-owned institutions may not be fueling many loans to minorities and residents of low- to moderate-income communities.

The bank is first to fail in New Jersey since 2012.

Violations of Bank Secrecy Act and anti-money-laundering compliance remain a hot topic for financial institutions as regulators can bar them from branch building and bank acquisitions. Here are some notable regulatory actions that are still unresolved.

Consumer protection groups opposing the Office of the Comptroller of the Currency’s plan to offer limited-purpose bank charters to fintech companies raised concerns that the move could allow payday lenders to operate nationally.

Banks and credit unions are trying to stop the Consumer Financial Protection Bureau from allowing consumers to rank how companies handle complaints on a one- to five-star scale.

Bankers are trying to stop the CFPB from allowing consumers to rank how companies handle complaints on a one- to five-star scale and to publish narratives of consumer experiences in an online public database.

The Senate Finance Committee will hold a hearing on Treasury Secretary-designate Steven Mnuchin’s nomination on Thursday, Jan 19.

A top official with the incoming Trump administration said Thursday that the president-elect is considering former Rep. Randy Neugebauer to run the CFPB, the first clear sign that he intends to dismiss Richard Cordray.