All Banks articles – Page 3
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Blog
OCC: even in rip-roaring economy, bank risks persist
The Office of the Comptroller of the Currency has released a new report highlighting the credit, operational, and compliance risks that persist as key concerns for the federal banking system.
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Blog
Trump, once again, voices support for bank deregulation
Speaking at the White House this week, President Trump once again trumpeted the need for even more bank deregulation, especially rules that may impede lending.
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Blog
AGs argue for easing bank restrictions on marijuana businesses
A bipartisan coalition of state attorneys is petitioning Congress to ease federal restrictions on banks that serve legal marijuana businesses, “bringing grey market activities into the regulated banking sector.”
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Bank of England: New approach to supervising global banks
The Bank of England announced that it is consulting on an updated approach to authorising and supervising branches of global banks and insurers, prompting responses from HM Treasury and the U.K. Financial Conduct Authority.
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Fed plans transfer of consumer protection rules to CFPB
The Federal Reserve Board has announced the repeal of one regulation and revisions to another as part of an effort to transfer certain consumer protection rule-writing authority to the Consumer Financial Protection Bureau.
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Article
ESMA takes aim at U.S. banks with new MiFID II directive
The expansion of the scope under MiFID II will make it far likelier for market participants to be caught within EU regulators’ crosshairs without even realizing it. Some tips for avoiding that fate are inside.
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Blog
OFR: Bank size not the whole story when measuring systemic importance
A new report from the Office of Financial Research argues that asset size alone is not an adequate determinant of the systemically important banks targeted for enhanced regulation.
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ArticleCollaboration enhances risk management in financial services
The OCC recently endorsed collaboration between banks as a way to reduce costs on managing third-party risk, and compliance officers are more than ready for it.
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Blog
CFPB outlines principles for consumer financial data sharing
The CFPB has outlined new “principles” for financial services firms when they aggregate consumer data and share it with third parties, even if those agreements facilitate services requested by customers.
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Blog
The role of banks in corruption
A look at a recent report that examines allegations of bribery to purchase votes on the International Olympic Committee for the selection in 2009 of Rio de Janeiro to host the 2016 Olympics.
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Blog
Bill would break up Wells Fargo and other megabanks for misdeeds
Rep. Maxine Waters has unveiled the Megabank Accountability and Consequences Act, legislation demanding that federal banking regulators initiate proceedings to wind down big banks that repeatedly violate consumer protection laws.
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Bill targets ‘burdensome’ Dodd-Frank regulations, SIFI designations
Bipartisan legislation is looking to bring regulatory relief to regional banks and bring about new ways for calculating whether an institution should be designated as systemically important.
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Blog
Credit unions, Small Business Association forge renewed partnership
The National Association of Federally-Insured Credit Unions and the government's Small Business Association have signed a new Memorandum of Understanding and extended their partnership.
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Article
Federal Reserve rethinks oversight by bank boards
A Federal Reserve proposal seeks to streamline the expectations placed upon bank directors. Will it help ease their burden, or create a confusing new regime?
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Blog
Hurricane Harvey spurs regulatory relief, assistance for banks
Federal and state bank regulators have issued guidance for institutions in Texas suffering from the devastating effects of Hurricane Harvey. The advisory addresses temporary branches, loan modifications, and leniency regarding regulatory obligations and compliance deadlines.
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Article
Operation Choke Point finally suffocated by Justice Department
A controversial government initiative that pushed banks to de-risk themselves from a variety of legal business is now a thing of the past. Or is it?
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Blog
OCC issues higher-loan-to-value lending guidance
The Office of the Comptroller of the Currency has released new guidance intended “to spur community revitalization" with the prudent and appropriate use of higher-loan-to-value lending.
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Blog
Sen. Warren quizzes bank CEOs on arbitration rule
Senator Elizabeth Warren (D-Mass.) is targeting top bank executives, demanding that they go public with their views of the CFPB's recent rule banning forced arbitration.
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Blog
CFPB pitches new disclosure form for overdraft fees
The CFPB is proposing model disclosure forms intended to improve upon what banks and credit unions already provide to consumers weighing overdraft coverage. The Bureau is currently testing four prototypes that have a simple, one-page design.
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Blog
Bank CCOs weigh effectiveness vs. burden of rules
A new survey of bank CCOs conducted by the American Bankers Association shows continued concerns about their regulatory burden and skepticism that piling up rules actually helps.