Regulatory reform

Credit unions would not be impacted by the proposal, but the movement has spent much of the last decade telling lawmakers and regulators CUs are being punished for the actions of big banks that led to the financial crisis.

A new agency Web page has information on nearly every aspect of the agency's operations, including de novo applications, bank exams and failures.

The legislation would require the restructuring of financial institutions that have a total exposure exceeding 3% of the nation’s GDP.

Otting says the bank is not moving fast enough to repay customers who were unfairly sold auto insurance; lack of regulation lets traders use software to move prices.

National Credit Union Administration Chairman Mark McWatters called on lawmakers to further expand field-of-membership options for CUs and to permit the regulator to oversee third-party vendors, including fintech partners.

Financial regulators sought to walk a fine line Tuesday between reassuring Republican senators that they are quickly implementing regulatory relief and defending themselves against Democratic criticism that they are going too fast.

The senior Democratic lawmaker said the CFPB chief and the Trump administration "are doing everything in their power to roll back consumer protections."

Fed Vice Chairman of Supervision Randal Quarles said in written testimony that the central bank plans to move quickly to determine how to regulate banks between $100 billion and $250 billion of assets, and that it may provide also relief for banks over the $250 billion threshold.

Seven Republican senators urged regulators on Monday to consider additional changes to the Volcker Rule's "covered funds" definition.

Republicans are calling on the central bank to relieve all banks with less than $250 billion of assets from enhanced supervision that was established after the crisis.

At least six Trump administration picks to fill financial posts are still pending, but the bitterly partisan divide over Judge Brett Kavanaugh has taken up most of the energy in Congress.

The banking agencies are right to review capital requirements for banks of all sizes to ensure the rules are efficient and clear.

Readers parse JPMorgan Chase CEO Jamie Dimon's latest public comments, debate a California small-business lending bill, weigh the impact of open banking and more.

Another regulator has already gone out on its own with an advance notice of proposed rulemaking. But, Powell said, "It’s a process and we’re very much interested in pushing forward.”

The Kentucky Republican is the first House member that Friends of Traditional Banking has ever endorsed.

The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.

A proposal to let certain thrifts operate like national banks blurs the line even further between the two institution types.

Whereas most regulators appointed in the Trump administration are focused on rolling back the post-crisis framework, Nellie Liang helped create it.

Policymakers have begun taking positive steps to update and improve existing regulations, though there’s still a lot more work to be done.

The Massachusetts senator said a private event where Mick Mulvaney briefed donors about the party’s midterm prospects may violate the Hatch Act.