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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President Trump met with community bankers on Thursday to highlight executive actions he has taken to provide regulatory relief to the industry and promote job growth.
March 9
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Republicans have opened multiple fronts against the agency, undertaking separate efforts to cut its funding, roll back past and future rules, and make far broader changes.
March 3
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Eleven senators sent a letter to Attorney General Jeff Sessions asking him not to enforce federal pot laws in states that have legalized marijuana.
March 2
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Lawmakers from both sides of the political aisle voiced their support Wednesday for keeping credit unions' federal tax exemption intact even as the Trump administration and Congress prepare to make sweeping changes to the tax code.
March 1
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Billionaire investor Warren Buffett said Wells Fargo made "a huge mistake" in the way it handled the phony-accounts scandal, and he laid the blame more forcefully than ever on former Wells CEO John Stumpf.
February 28
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President Trump signed an executive order Friday requiring every agency to establish a task force focused on eliminating unnecessary regulations.
February 24
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Donald Trump is considering nominating U.S. Bancorp Chief Executive Officer Richard Davis for the Federal Reserve Board, said people familiar with the matter, as the president prepares to start reshaping the central bank’s approach to monetary policy and Wall Street oversight.
February 23
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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.
