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...
Members of President-elect Donald Trump’s transition team reportedly are considering making changes to some bank regulatory agencies by shrinking, consolidating or eliminating them. These proposals have come up during team members’ interviews with potential nominees to lead the agencies, The Wall Street Journal (WSJ) reported...
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...
TD Bank reportedly is working to select compliance monitors to track its progress on risk and controls and report to regulators, as ordered by the U.S. government in October. As the bank works on this process, U.S. CEO Leo Salom told staff this month during a town...
November 01, 2024
Among the central debates of regulation, what we might term even the jurisdiction of the regulators — no matter the industry — might boil down to a stark question: States versus federal — as in should the states be the mainstays in regulating banks and FinTechs as they continue to pair up and deliver digital […]
September 03, 2024
Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into the digital age, serving a...
September 26, 2021
New blood, as they say, shakes things up a bit. But what happens when the shaking up of things rattles the very foundations of financial services and the way banking...
December 16, 2024
Small business and small farm loans decreased in 2023 as interest rates rose and lending standards tightened, according to three federal banking agencies with responsibilities for the Community Reinvestment Act (CRA). Compared to 2022, the number of small business loans originated decreased by 5.1% and the number of small farm loans originated decreased by 5.6%, […]
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...
December 12, 2024
Members of President-elect Donald Trump’s transition team reportedly are considering making changes to some bank regulatory agencies by shrinking, consolidating or eliminating them. These proposals have come up during team...
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)...
