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The Trump administration is stepping away from the government’s 7-year legal fight with Amex that centers on retailers’ right to encourage the use of particular cards. The decision is good news for issuers of credit and debit cards, though it is hardly the last word on the case.
June 7 -
There is a great opportunity this year to show the world that Congress can still pass bipartisan, common-sense legislation that helps lift the U.S. economy.
June 7
American Bankers Association -
President to name former One West lieutenant to Treasury Secretary Steven Mnuchin to head OCC; Wells plunges to number 100 from seventh in Barron's rankings of most respected public companies.
June 6 -
After months of speculation, former OneWest CEO Joseph Otting was finally named as the nominee for comptroller of the currency.
June 5 -
Given Jamie Dimon’s stature in banking, it’s unlikely that the longtime CEO's role on the advisory panel of a controversial president could tarnish JPMorgan Chase's reputation. But his involvement nonetheless carries an element of political risk.
June 5 -
More business lending is shifting from banks to "murky" trusts as the government imposes more restrictions to reduce risky loans; 11 states advance suit as Justice Department retreats.
June 5 -
The Federal Housing Administration's gateway to homeownership could be widened if the Trump administration takes actions to reduce mortgage insurance premiums and clarify lender penalties under the False Claims Act.
June 2 -
The end of the filibuster for presidential nominees could affect whether Democrats get a say in picking board members of the FDIC.
May 30 -
President Trump’s budget would reduce funds to the CFPB and eliminate a fund designed to help regulators unwind a failing megabank.
May 23 -
Jim Donovan, nominated in March, was one of many Goldman Sachs alums to join the administration.
May 19 -
Readers opine on legacy core systems, the negative messaging around the Troubled Asset Relief Program, Jamie Dimon defending his Trump ties, and more.
May 19 -
President Trump’s aim to scale back financial regulations may make it easier for student loan borrowers to maintain federal class actions.
May 12
Davis & Gilbert LLP -
Democrats on the Senate Banking Committee are raising concerns that a move by Treasury Secretary Steven Mnuchin to appoint Keith Noreika as acting comptroller was done to circumvent Senate vetting.
May 11 -
Despite an effort by the Trump administration to defund government aid for community development financial institutions, the Senate approved a budget deal that included $258 million in funding for the CDFI fund.
May 4 -
The Trump administration’s formal ouster of Comptroller of the Currency Thomas Curry has set in motion a sea change atop financial regulatory agencies that will likely unfold slowly over the next year.
May 3 -
Sen. Sherrod Brown, the top Democrat on the Senate Banking Committee, came out swinging Wednesday after the Treasury Department confirmed it would select banking attorney Keith Noreika as the interim head of the OCC.
May 3 -
More than 100 days into Trump’s presidency, financial regulators still lack key appointments. Here's why that matters.
May 2 -
President Trump is likely to replace Comptroller of the Currency Thomas Curry with an acting comptroller as soon as this week, according to the Wall Street Journal.
May 2 -
The president may soon replace Thomas Curry as bank regulator with an interim appointment; Supreme Court says city can sue B of A and Wells Fargo over predatory lending.
May 2 -
President Trump is likely to replace Comptroller of the Currency Thomas Curry with an acting comptroller as soon as this week, according to The Wall Street Journal.
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