American Banker

MARCH 14, 2024

The Navy Federal scandal is just the tip of the iceberg. After looking away for 20 years, Congress needs to focus on providing real oversight of the credit union industry.

Regulation 69

Regulation Industry Policies Compliance 69

American Banker

MARCH 12, 2024

Regulators in the coming weeks or months will have to decide whether or how to finalize last year's Basel III endgame capital proposal, but there are risks — and rewards — to whichever path they choose.

Regulation 45

Regulation Capital How To Policies 45

American Banker

MARCH 15, 2024

The Consumer Financial Protection Bureau is preparing to pick winners and losers in the consumer lending market, stifling innovation and curtailing freedom of choice.

National 48

National Lending Innovation Marketing 48

American Banker

MARCH 13, 2024

A bipartisan group of senators called on the Federal Deposit Insurance Corp. to exercise transparency and expedience in evaluating industrial loan company applications, which grant a type of charter industry experts say is unlikely to be issued in this administration.

FDIC 36

FDIC Exercises Groups Industry 36

American Banker

MARCH 13, 2024

The Congressional Budget Office put an estimate on the net government subsidy provided to the Federal Home Loan Bank System, including the so-called "implied guarantee," on bonds priced and sold to investors.

Report 36

Report System Policies Compliance 36

American Banker

MARCH 12, 2024

Acting Comptroller of the Currency Michael Hsu offered more details about forthcoming interagency rules to establish operational risk standards for large banks, including a focus on "critical operations" and third-party service providers.

Operations 36

Operations Risk Management Policies Compliance 36

American Banker

MARCH 11, 2024

sent separate letters to banking regulators on the anniversary of the failure of Silicon Valley Bank, with Hagerty questioning the Federal Deposit Insurance Corp.'s s sale of Signature Bank's assets and Warren urging the regulators to tighten capital and liquidity requirements. Bill Hagerty, R-Tenn., Elizabeth Warren, D-Mass.,

Regulation 36

Regulation Capital Policies Compliance 36

American Banker

MARCH 14, 2024

The Consumer Financial Protection Bureau claims trade groups have no jurisdiction to file a lawsuit in Texas to stop the bureau's $8 credit card late fee rule, saying the plaintiffs engaged in "forum-shopping" to seek the most favorable outcome.

Texas 37

Texas Groups Cards Policies 37

American Banker

MARCH 11, 2024

Federal Deposit Insurance Corp. vice chair Travis Hill Monday criticized his agency's lack of clarity on digital assets, warning that the current approach risks hindering U.S. influence in the global rollout of blockchain at banks.

FDIC 31

FDIC blockchain cryptocurrency Compliance 31

American Banker

MARCH 15, 2024

A Texas judge has recused himself from a case that pits the largest credit card issuers against the Consumer Financial Protection Bureau and a rule that would eliminate $10 billion in late fees.

Cards 28

Cards Texas Policies Compliance 28

American Banker

MARCH 11, 2024

But, when the Fed does not allow banks to meet the needs of their communities and shareholders through unfair regulations, like the politically motivated CRA final rule, bankers have no choice but to go to court to seek regulatory justice. "Don't fight the Fed" is the mantra of investors.

Community 28

Community Meeting Regulation Policies 28

American Banker

MARCH 11, 2024

While some said the agency was ignorant of its own rules, one trade group praised the goals of the posting.

Groups 28

Groups Policies Compliance Regulation 28

American Banker

MARCH 13, 2024

The U.K. (..)

Payments 50

Payments Security Compliance Regulation 50