America’s banking regulator says that it’s costing more to supervise the country’s largest financial institutions. As such, the Office of the Comptroller of the Currency (OCC) announced Wednesday (Nov. 27) that it was hiking its assessment rates for 2025. The increases are chiefly for larger...
By this time next year, America’s banking regulators will likely have new leadership. At a hearing Wednesday (Nov. 20) Rep. Patrick McHenry took the outgoing regulators to task. McHenry, the North Carolina Republican who serves as chair of the House Financial Services Committee accused officials...
House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday (Oct. 31) to regulators at the Federal Reserve Board, Office of the Comptroller of the...
Federal regulators are encouraging banks and financial institutions to work with borrowers impacted by Hurricane Milton. The Federal Deposit Insurance Corp. (FDIC) and other agencies and regulators issued an advisory Tuesday (Oct. 15) encouraging financial institutions in areas affected by the storm to work with...
December 15, 2024
The upcoming Trump administration is reportedly struggling to find people to head America’s financial watchdogs. The trouble lies with the Republican Party’s eagerness to eliminate or combine the nation’s banking regulators, the Financial Times (FT) reported Sunday (Dec. 15). Perhaps the GOP’s top target, the report said, is the Consumer Financial Protection Bureau (CFPB). Sources […]
November 27, 2024
America’s banking regulator says that it’s costing more to supervise the country’s largest financial institutions. As such, the Office of the Comptroller of the Currency (OCC) announced Wednesday (Nov. 27)...
November 20, 2024
By this time next year, America’s banking regulators will likely have new leadership. At a hearing Wednesday (Nov. 20) Rep. Patrick McHenry took the outgoing regulators to task. McHenry, the...
October 31, 2024
House Republicans are warning against what they argue is regulatory overreach in bank-FinTech partnerships. The lawmakers — all members of the House Financial Services Committee – issued a letter Thursday...
