Law and regulation

Washington Week in Review

May 25, 2012 4:01 PM

JPMorgan Chase CEO Jamie Dimon

Is Wall Street too close to its regulator? The focus on JPMorgan Chase & Co.'s big loss is reigniting the debate about whether CEO Jamie Dimon and other execs should sit on the Federal Reserve Bank of New York's board. (Image: Bloomberg News)

Dallas Fed President Richard Fisher

The idea of "breaking up" banks "sounds violent" to Dallas Fed President Richard Fisher, but he told American Banker in a sit-down interview that banks with cheaper funding costs "should be limited in the risk" they take. (Image: Bloomberg News)

Richard Cordray, head of the CFPB

The Consumer Financial Protection Bureau continued adding to the regulation mill this week, first publishing a notice on plans to regulate prepaid cards, and then proposing new procedures for its nonbank supervision program. (Image: Bloomberg News)

American Banker Editor At Large Barbara Rehm

Editor at large Barbara A. Rehm called out the Office of the Comptroller of the Currency for not saying enough about JPMorgan Chase's "botched hedge." "Everyone in Washington is talking about" the trading loss except "the federal regulators who actually know what's going on."

Sen. Bob Corker

Senators, including Republican Bob Corker, seemed willing to consider a compromise on legislation to make refinancing easier for millions of home-loan borrowers. (Image: Bloomberg News)

Martin Gruenberg, head of the FDIC

The small lending decline for the industry in the first three months of 2012 is not enough to make any long-term projections, said FDIC head Martin Gruenberg in presenting the agency's Quarterly Banking Profile. "We should be cautious in drawing conclusions from just one quarter." (Image: Bloomberg News)

Law and regulation

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