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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Unlike previous spots produced by the group that just backed candidates, the latest ones reflect a somewhat different approach.
September 19
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Mary Daly succeeds John Williams, who left the bank earlier this year to run the Federal Reserve Bank of New York.
September 14
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By noon, JPMorgan sent out a statement from Chairman and CEO Jamie Dimon, backtracking completely.
September 12
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Consumer advocates and academics recently removed from the Consumer Advisory Board said they were "disappointed" that the board will be reconstituted with fewer members.
September 10
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The agency announced a new lineup for the Consumer Advisory Board after having fired its previous members and those of two other panels.
September 7
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As the demand for home rentals continues to rise, regulatory burdens could decrease the multifamily housing supply and drive up costs, witnesses said at a congressional hearing.
September 5
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The appointments are on top of other recent personnel changes under Chairman Jelena McWilliams, who took the reins of the agency in June.
September 4
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As governors prepare to designate new "opportunity zones," lenders and investors should take advantage of the chance to target capital to communities where it will both do good and generate strong returns.
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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.
