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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Advocates negotiating with the Minneapolis bank also want commitments for mortgage assistance and payouts to financial nonprofits. The pressure for Federal Reserve hearings coincides with Biden administration calls for more scrutiny of big bank mergers.
November 15 -
GOP opposition and a packed Senate agenda have delayed the vote on Julia Gordon as head of the Federal Housing Administration. But industry representatives say that with FHA delinquency rates still elevated and loan forbearance plans expiring, there's an urgency for Congress to confirm her by year-end.
November 12 -
Saule Omarova is scheduled to appear before the Banking Committee as progressives cheer her potential appointment to lead the Office of the Comptroller of the Currency and critics describe her views as too radical. Her confirmation would rely on the support of every Democrat in the chamber.
November 11 -
In a letter to the agency’s new director, top Senate Democrats recommended policy steps intended to limit mistakes in consumers’ credit files that they said “can ruin lives.”
November 11 -
The OCC is expected by year-end to issue high-level guidance for banks on assessing how they contribute to climate change and how it impacts them. The agency and other regulators may next consider further actions, such as giving Community Reinvestment Act credit for financing environment-friendly projects and even more rigorous stress tests, analysts say.
November 10 - AB - Policy & Regulation
The Federal Reserve is mulling changes to a key capital measure for big banks, rulings on several merger applications and other actions. How it ultimately decides those matters will depend largely on whom President Biden appoints as head of the central bank and to other leadership positions.
November 9 -
Citigroup says it’s prepared to restart its public-finance business in Texas after halting the operations in the wake of a new Republican law in the state that sought to bar it and other banks from such work as punishment for restrictive gun policies.
November 9
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Efforts by individual states to rewrite existing rules governing interstate bank lending risk throwing the entire system into chaos. Only Congress has the ability to reestablish a workable set of national rules.
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The new law's reciprocal and custodial deposit provisions recognize what the evidence has shown for two decades. They should spur, not substitute for, the broader work of protecting America's depositors.
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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.





![Climate risk management standards from the OCC and others could aim to provide regulatory incentives. “If banks participate in the Chesapeake Bay regional cleanup, and that benefits a lot of minority fishermen on the Eastern Shore, I think the agencies would definitely think about giving that [Community Reinvestment Act] credit,” said a former OCC official.](https://arizent.brightspotcdn.com/dims4/default/f423715/2147483647/strip/true/crop/3746x2107+0+64/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2F64%2F6e%2F2f60cbf546feadc2e8b93aa43257%2Fadobestock-55069042.jpeg)









