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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Real estate and mortgage industry groups outspent proponents 3-to-1 to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws.
November 7
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The industry and its allies have their work cut out for them navigating the political standstill.
November 7
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Credit union trade groups invested more than $7 million in this year's midterm elections. Did that record-breaking gamble pay off?
November 7
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The payments and financial services industry has enjoyed an unprecedented wave of invention, but the fruits of that labor are threatened by an ideologically driven political climate that complicates the evolution of global interoperable mobile-driven commerce.
November 7
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The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.
November 7
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The information you need to start your day, from PaymentsSource and around the Web:. Today: Election results portend less deregulation and consumer focus; Facebook faces GDPR investigation in Ireland; Cryptocurrency giveaway; Orange County adds mobile transit pay, Emirates NBD pilots open banking.
November 7
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The focus since the 2016 election on easing rules, tax cuts and expanding access to credit is about to be turned on its head.
November 6
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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.
