Regulatory guidance

With the National Credit Union Administration board at full strength for the first time in years, here are three areas where the panel can make a big difference for CUs early on.

Digital-asset companies will try to develop a less adversarial relationship with the state's securities regulator, who stopped several startups from selling digital currencies as investments.

M&A editor Paul Davis explores the practical and political implications of the proposed merger between BB&T and SunTrust.

Brian Knight at George Mason University says fintechs will be held accountable for legal violations in sandboxes — and banks can use sandboxes, too.

Bank and credit union regulators issued a statement giving institutions the go-ahead to try artificial intelligence and other emerging tech to detect money laundering. It's just what some institutions have been waiting for.

Regulators have made progress on revising stress tests, the Volcker Rule and other post-crisis measures. But some worry examiners still have too much latitude to punish banks for trivial matters.

In his second straight day of congressional testimony, the central bank’s top regulatory official was put on the defensive about a pending proposal to relieve regional banks from the toughest supervisory requirements.

The move allows the New York multifamily lender to make more loans without having to raise capital.

The federal agencies said in a recent statement that “guidance does not have the force and effect of law,” but two trade groups say that standard should be more binding.

In remarks at the Inclusiv conference, NCUA Chairman Mark McWatters pledged to help small CUs but said they're responsible for their own business plan and can't expect NCUA to do the hard work for them.

The consumer bureau’s interim chief told an industry conference that “regulation by enforcement is done.”

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

The House Financial Services Committee has steadily passed regulatory reform legislation this year. But any measure faces a stiffer challenge in the upper chamber.

Regulators will continue to issue guidance to articulate general views on appropriate practices, but they will not issue enforcement actions based on violations.

The Treasury secretary told lawmakers that the government needs “to strike the right balance” on Bank Secrecy Act requirements while determining the best way to collect details about account holders.

If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means for credit unions.

The Consumer Financial Protection Bureau's practice of "regulation by enforcement" and use of nonbinding guidance materials makes its regulatory efforts "unfair and ineffective" to lenders and servicers, the Mortgage Bankers Association said.

If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means.

Acting CFPB Director Mick Mulvaney held a roundtable with credit union leaders from the plains states, including discussions of how the bureau would seek input form CUs now that its advisory boards have been shuttered.

The agency's bulletin opens the door to banks' making more short-term loans to borrowers with lower credit scores — with few parameters beyond "sound underwriting."