Regulation and compliance
Regulation and compliance
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The financial services industry has made positive gains in consumer trust in recent years. As we enter what seems likely to be an era of deregulation, that newfound trust is theirs to lose.
March 19 -
Without citing examples, acting comptroller Rodney Hood expressed disgust at what he called the "debanking" of certain businesses.
March 18 -
Coastal Financial's decision to report a material weakness won't impact previously disclosed bottom-line results, though it creates bad optics for the Everett-based company.
March 18 -
Bo Hines, a top White House advisor on crypto policy, said banks can see "the writing on the wall" and will want to engage in the digital asset industry.
March 18 -
Trade groups, citing federal banking conflicts, are asking for summary judgment to permanently block a state law banning interchange fees on taxes and tips.
March 18 -
American Banker surveyed 100 banks, credit unions and payment firms on how gen AI, President Donald Trump's policies and consumer habits are changing their investments.
March 18 -
Small businesses and consumers deserve the relief that legislation like the Credit Card Competition Act would bring from the fees that burden every card-based transaction. Banks can easily afford it.
March 18 -
President Trump's selection of Federal Reserve Gov. Michelle Bowman as the next vice chair for supervision comes as banking groups and their allies in Congress asked the administration to fill the position quickly. Bowman was the preferred choice for many in the industry.
March 17 -
Past efforts to restructure bank supervision have been derailed by politics and agency turf wars. It remains to be seen whether the Trump administration is willing to spend the political capital necessary to push reform through.
March 17 -
The stopgap funding bill paves the way for Republican lawmakers to pivot to signature border and tax bills they seek to pass in the coming months.
March 17