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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Reps. Lacy Clay and Emanuel Cleaver, both from Missouri, have shown interest in running the panel that could be a focal point in efforts to reform Fannie Mae and Freddie Mac.
December 5
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The Democrat, who will likely head the Financial Services Committee, has signaled she'll make expanded housing opportunities for lower-income consumers a top priority.
December 3
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The federal regulator cited recent “cost savings” and promising projections for costs and revenue next year in announcing the reduction in assessments.
November 30
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The North Carolina lawmaker had been considered for a potentially bigger House leadership position if Republicans had held on to their majority.
November 30
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Lawmakers have had to extend the program eight times since October 2017, as Congress has been unable to pass broader reforms.
November 30
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The Credit Union National Association will not ask Mississippi Republican Cindy Hyde-Smith to return its campaign contribution, even as a number of major corporations have asked for their money back.
November 27
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Readers react to trends in public banking, weigh potential changes for brokered deposits, consider oversight of foreign banks and more.
November 21
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Banks can price in risk and manage their way around both left-wing and right-wing administrations. But the kind of uncertainty that arises from today's brand of politics is impossible to model.
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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.
