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As President Trump signed the regulatory relief bill into law on Thursday, most of the attention was on a provision to help regional banks with more than $50 billion of assets. But a majority of the new law is aimed at helping institutions below $10 billion. Here's how.
May 24 -
The industry’s biggest legislative victory in a decade made it to the finish line Thursday.
May 24 -
It's too late for Congress to overturn the consumer bureau's regulation on short-term lending, but acting Director Mick Mulvaney will have plenty of chances to reshape it.
May 24American Banker -
The bill heads to President Trump for signing; U.S. banks earned an aggregate $56 billion in the quarter, including a boost from tax reform.
May 23 -
A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman.
May 22 -
The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination.
May 21 -
The CFPB policy was aimed at preventing discriminatory markups on indirect loans made by car dealers, but current acting CFPB Director Mick Mulvaney said the guidance "seemed like a solution in search of a problem."
May 21 -
Why both Republicans and Democrats are exaggerating legislative changes to the Dodd-Frank Act.
May 21American Banker -
With Congress set to approve a regulatory relief bill and vote on an FDIC chairman, banks will soon see the deregulation they’ve long been anticipating.
May 18American Banker -
Jelena McWilliams is expected to be easily approved by the full Senate when her nomination as FDIC chair comes up for a vote.
May 17