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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Despite his loss in the New York primary on Tuesday, Sen. Ted Cruz is fighting hard to win the Republican nomination. But eliminating the CFPB could be an even tougher challenge if he is eventually elected president.
April 20 -
Democratic presidential hopefuls Bernie Sanders and Hillary Clinton both emphasized during a late Thursday debate that they are prepared to break up megabanks that pose a systemic risk to the U.S. economy, but also showed there are differences in how they approach "too big to fail."
April 14 -
The bad grades and detailed laundry list of fixes that institutions must make in the next five months or face possibly severe consequences may actually prove helpful in the long run, both to the debate over "too big to fail" and the banks themselves. Here's why.
April 13 -
Democratic presidential hopeful Hillary Clinton has made reining in the shadow banking system a focal point of her campaign platform, but there are fears that doing so could come with a high price tag for the U.S. economy.
April 6
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If the general election comes down to Hillary Clinton against Donald Trump, many community bankers are uncertain whom they will back. They fear Clinton will continue the regulatory crackdown against the industry, but are unsure what plans Trump would put in motion.
March 29 -
Republicans currently hold a 54 46 advantage over Democrats in the Senate, making the GOP grip on the Senate precarious at best. With the election a little less than eight months away, Republicans also have more vulnerable seats up for reelection, leaving many analysts speculating the Democrats will retake the chamber. Following are the races bankers need to watch.
March 14
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Hillary Clinton said she would consult with Sen. Elizabeth Warren, D-Mass., on any choice for Treasury secretary.
March 10
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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.
