Politics

Sen. Tim Scott of South Carolina, the Senate Banking Committee's ranking Republican, said that Democrats create a "culture of grievance" that the "truth of my life" belies.

All eyes will be on the minutes from the March meeting, set to be released Wednesday at 2 p.m. in Washington, for details about the debate over bank failures and how to respond.

The Twittersphere erupted last week with incorrect conflations of the Federal Reserve's imminent faster payments network and exceedingly nascent interest in a central bank digital currency. Those misunderstandings could pose a real risk to FedNow implementation.

In wide-ranging remarks on the recent banking crisis, the head of the Consumer Financial Protection Bureau said other regulators aren't using enough of their powers to supervise banks.

The state's attorney general filed a motion to intervene in the bank's lawsuit over master account access, citing concerns about the effect of the Federal Reserve's decisions on Wyoming's special-purpose depository institution charter.

A former comptroller of the currency worries that, in the current frenzy to right crypto's wrongs, Washington will go too far and inadvertently undercut the U.S. banking system.

The six financial regulators that need to finish Dodd-Frank section 956, the executive compensation rule, would be better served legally by finishing a 2016 proposal rather than restarting the process, a group of progressive financial policy advocates wrote to regulators.

This congressionally mandated mission plays a critical role in funding important projects in communities across the country.

In letters that were sent to companies including Circle Internet Financial, BILL Holdings, BlockFi and Eiger BioPharmaceuticals, Warren and Ocasio-Cortez asked questions about the nature of their connections with SVB.

Carrie Tolstedt, the former Wells Fargo executive facing criminal charges for the phony accounts scandal, entered a "not guilty" plea at an arraignment hearing Friday afternoon.

The agency said it will include home valuation practices in its fair lending review. It's the latest effort by a Washington regulator to root out discriminatory practices in the profession.

Price pressures could keep emanating from a tight labor market, the war in Ukraine and the reopening of China after the pandemic, the Fed governor said. 

Executive compensation legislation could be one of the few areas of bipartisan agreement in Congress in the wake of the Silicon Valley Bank and Signature Bank failures.

The former senator inserted a provision into last year's defense spending bill requiring the Fed to disclose master account applications and outcomes. In a recent lawsuit filing, the central bank said the addendum bolstered its powers.

The Consumer Financial Protection Bureau issued a broad policy statement on what constitutes an "abusive" act or practice. Industry has long sought to narrow the definition.

Throughout 2022, the California bank shed interest rate swaps that some believe could have prevented its failure.

More congressional scrutiny is being directed at the San Francisco Federal Reserve bank and its role in supervising Silicon Valley Bank.

The rules President Joe Biden calls for include minimizing the financial burden that replenishing the Deposit Insurance Fund would impose on community banks.

The regulation — mandated more than a decade ago to combat discrimination — will make lenders provide data on approvals and denials of small-business loan applications, the cost of credit and demographics of borrowers.

A group of Democratic lawmakers led by Sen. Elizabeth Warren, D-Mass., wrote to regulatory agencies urging them to complete capital rules, just as Treasury Secretary Janet Yellen suggested bank deregulation has gone too far.