Regulation

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

Attorney General-nominee William Barr signaled this week he was not likely to crack down on financial institutions serving pot businesses, but even if he is confirmed and sticks with his assurance, the situation is far from resolved

During the National Credit Union Administration's monthly meeting on Thursday, Chairman J. Mark McWatters noted that the agency was making progress on hiring more women and minorities.

Morris Morgan, previously one of the top large bank supervisors at the OCC, was tapped as senior deputy comptroller and chief operating officer amid a multimillion-dollar effort to revamp the agency.

The lineup of new members to the House Financial Services Committee includes several rising Democratic stars.

The Milken Institute's plan to address the housing finance system proposes a number of measures that could be carried out by regulators, after years of stalled legislative attempts.

The new chair of the House Financial Services Committee has an ambitious set of priorities, but newly elected progressives could set up a conflict with more moderate Democrats on the panel.

Some in the industry worry the Fed may balk at allowing OCC charter recipients into the payments system, but Otting downplayed those concerns.

A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month.

The Federal Reserve has suggested it could join the market for instant interbank payments, but private-sector entrants would be better.