Regulation

With the two companies said to be still mulling which charter to seek, the various options each have possible advantages and drawbacks.

Bill Schirmer, president and CEO of Evansville Teachers FCU, will serve a three-year term on a panel for the Federal Reserve Board of St. Louis.

Addressing lawmakers for the second straight day, the Fed chairman defended his agency’s refinements to the post-crisis regime.

Bankers should pay attention to a recent case in Wyoming in which regulators have sought to bar two executives for misusing confidential bank information for the benefit of a rival institution.

The root of the credit reporting sector’s problems may be its dominance by a handful of big firms, lawmakers from both parties said at a hearing.

The agency wants to increase the maximum SBA Express loan to $1 million from $350,000 to pump up volume.

Lawmakers on the Senate Banking Committee pushed Federal Reserve Chair Jerome Powell for details about how he plans to review the proposed merger between the two regional banks.

The root of the credit reporting sector’s problems may be its dominance by a handful of big firms, lawmakers from both parties said at a hearing.

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

If confirmed to lead the Federal Housing Finance Agency, Mark Calabria would have a central role in any efforts to reform the government-sponsored enterprises Fannie Mae and Freddie Mac