Politics

In a sternly written footnote, federal Judge Steven Merryday said the SEC's refusal to release information on its penalty calculations appears to "countenance duplicity, gamesmanship, neglect, insouciance" or worse.

At an industry conference Tuesday, bankers said that an extended war with Iran will result in adverse economic conditions, including inflation.

Comptroller of the Currency Jonathan Gould said that the Office of the Comptroller of the Currency would continue to pursue its view on federal preemption of state banking policy in court and in Congress.

Civil rights groups object to a $68 million settlement between the Department of Justice and Colony Ridge Development in Texas, calling the deal a sham because it funnels $20 million into immigration enforcement and surveillance of victims.

Mortgage servicing rights are one of the most notoriously volatile assets in financial markets. The Federal Reserve's plan to loosen their capital treatment could foretell major problems in the future.

The Beaver State is poised to opt out of a federal law that poked a hole in its interest rate cap, joining a growing list of states to reassert their authority over consumer loan rates.

Branchless and out-of-state banks are harvesting deposits in Florida and lending them out elsewhere, a situation that leads to serious underinvestment in desperately needed infrastructure and affordable housing.

Industry stakeholders say the Federal Reserve's renewed focus on reforming the discount window — the central bank's 'lender of last resort' facility — is welcome. But replacing the system with one that works better is easier said than done.

President Trump's criticism of large institutional investors prompted inclusion of a sales timeline for build-to-rent properties in the ROAD Act, which in turn pushed NAHB to withdraw its support.

Chief economists at large and regional banks predicted ongoing inflation, in part because of the anticipated surge in oil prices as a result of the Iran war. The forecast from the American Bankers Association's Economic Advisory Committee did not account for the disappointing U.S. jobs report on Friday.

The Bureau of Labor Statistics reported that the economy lost 92,000 jobs in February while unemployment held steady at 4.4%, a development that could spur the Federal Reserve to question whether interest rates are truly in balance.

Five major U.S. banks are engaging in costly litigation rather than reimburse fraud claims of a 72-year-old dementia patient who lost $337,000 in a romance scam. The victim's lawyer says banks are not abiding by the consumer protection process.

Federal Reserve Vice Chair for Supervision Michelle Bowman played down the significance of Kraken Financial receiving a master account, saying the central bank is treating it as a pilot program.

While the Office of the Comptroller of the Currency's recently published stablecoin rule bars stablecoin issuers from offering yield on holdings, there is enough wiggle room in the proposal — and unfinished business in Congress and the courts — for rewards to ultimately be accepted.

The House Financial Services Committee passed a legislative package heavily favored by banks in a 26-16 vote

Banco Santander's bid to buy U.S. regional bank Webster Financial could face surprise challenges following a dustup between President Trump and Spain's leaders over the war in Iran.

The Financial Crimes Enforcement Network's expectations of banks that file suspicious activity reports have changed. Some banking clients may soon discover that they are less appealing customers than they used to be.

Sanctions forced Iran to build its own financial network, but technology allows it to take the war anywhere

Following a major Supreme Court ruling on tariffs, which drew a quick response from President Trump, banks and their commercial clients are expecting trade issues to remain in flux for the foreseeable future.

The Office of the Comptroller of the Currency finalized rules rescinding fair housing data requirements and expanding speedy licensing for banks under $30B in assets as part of Comptroller Jonathan Gould's push for more risk-based supervision.