Banking Politics & Policy News
American Banker's Politics & Policy coverage delivers news and analysis on how legislative action, federal agency rulemaking, regulatory politics, and public policy debates shape banking strategy, risk, competition, and compliance. Coverage explores congressional priorities, executive branch initiatives, regulatory agency actions, and the political forces that shape and impact the operating environment for financial institutions, payments companies, fintechs and distributed finance companies.
Bank leaders must navigate a dynamic policy environment where congressional action, regulatory priorities, and political forces influence capital standards, supervisory expectations, digital asset frameworks, deposit insurance, consumer rules, and competitive dynamics.
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Senate Majority Leader Chuck Schumer and fellow Democrats Elizabeth Warren and Raphael Warnock support $50,000 in student debt relief, which is five times what the president has indicated he would support.
May 19
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While red states like Florida have embraced the cryptocurrency industry, officials in New York and Illinois are taking action on Democratic Party priorities such as diversity and climate change. Here's a look at some hotbeds of innovative policymaking.
May 18
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Mastercard said it would help pay for workers to travel to access abortions if pregnancy terminations aren’t available in their home state.
May 18
- AB - Policy & Regulation
Some lawmakers and experts say that the administration's preference for stablecoin issuers to hold bank charters could have the unintended consequence of putting more risk into the banking system.
May 18
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A hearing on the pending BMO-Bank of the West merger will be held in July, and another on TD's proposed acquisition of First Horizon is set for August. The announcements indicate that regulators have decided to hold such hearings more often.
May 17
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Sen. Cynthia Lummis, R-Wyo., says she and Sen. Gillibrand, D-N.Y., plan to release draft legislation next week that would establish a supervisory entity for emerging financial technologies and new rules for stablecoin issuers.
May 17
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Ryan, the chief executive of the Conference of State Bank Supervisors since 2011, died unexpectedly Monday night at his home in Washington. He played a critical role in representing states’ interests in some of the most important banking policy debates of recent decades.
May 17
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As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule's benefit to banks.
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The only thing we know about the next financial crisis is that it won't look like the last one. But specific changes to bank safety and soundness requirements and clearer regulatory authorities would help us respond.
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In the year of the country's 250th anniversary celebrations, it's worth looking back at the long road the U.S. dollar took to global dominance, and the lessons we can learn from it.
