Policymaking

Policymakers speak of expanding consumer choice, but for the vast majority of borrowers and investors, standardizing choices that make the most financial sense has greater merit.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

Should Joseph Otting be appointed comptroller of the currency, it would be a crucial step in the new administration’s deregulatory efforts.

Amer Sajed, a 56-year-old Pakistan-born immigrant to the U.S., will step down from his role leading the bank’s credit card business in July after being spurred into activism by President Trump's stances on social and other issues.

The Office of the Comptroller of the Currency can give lenders relief from the effects of a recent court decision over interest rate authority, but only if the agency chooses to do so.

Rep. Maxine Waters, D-Calif., asked Wells Fargo executives on Friday to submit to new interviews concerning its fake-accounts scandal.

Sen. Mike Rounds, R-S.D., suggested Tuesday that the National Flood Insurance Program should boost its insurance coverage to $427,000 in an effort to put it on sounder fiscal footing.

Jamie Dimon is trying to transform what has long been seen as a sleepy Washington club for CEOs into a lobbying powerhouse.

Contrary to the opinion that the Federal Reserve is out of “options” to boost the economy, the central bank still has these three liquidity-strengthening tools at its disposal.

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.

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.

Eleven senators sent a letter to Attorney General Jeff Sessions asking him not to enforce federal pot laws in states that have legalized marijuana.

JPM's Marianne Lake looks forward to a relaxing of regulations; Mary Callahan Erdoes emphasizes robo-advice limitations; Alice Dittman of Cornhusker Bank shares philosophy on building trust with customers; and more.

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.

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.

President Trump signed an executive order Friday requiring every agency to establish a task force focused on eliminating unnecessary regulations.

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.

The Consumer Financial Protection Bureau's arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.

Any amendments to the current regulatory framework must preserve banking regulation and supervision’s vital role in the proper functioning of our economy.

The new group, which will work alongside the bank’s lobbyists and focus on policy at U.S. and overseas regulators, is being run by Kevin Bailey, an alum of the OCC and GE Capital.