Satoshi Nakamoto Blog

Tag : Regulatory reform

Federal Reserve Randal Quarles Regulatory guidance Regulatory reform Regulatory relief Stress tests

Fed’s Quarles details his ideal approach to bank supervision

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WASHINGTON — Federal Reserve Vice Chairman for Supervision Randal Quarles laid out a comprehensive set of proposals to update how the agency supervises the nation’s...
CRA FDIC House Financial Services Committee Joseph Otting Maxine Waters OCC Regulatory reform

Waters urges regulators to ensure integrity of CRA public comments

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WASHINGTON — House Financial Services Committee Chairwoman Maxine Waters sought details on regulators’ practices for accepting public comments in light of potential “astroturfing” concerns, as...
Community banking CRA Federal Reserve House Financial Services Committee Joseph Otting OCC Regulatory reform Regulatory relief

Regulators aren’t only ones at odds over CRA reform

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WASHINGTON — As the effort to modernize the Community Reinvestment Act unfolds, a proposal championed by Comptroller of the Currency Joseph Otting is struggling to...
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FHA wants banks back. Updating servicing could be the answer

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WASHINGTON—The Federal Housing Administration has been trying to woo banks back to its program with the promise of lighter False Claims Act enforcement and other...
CRA FDIC House Financial Services Committee Joseph Otting Maxine Waters Midland Funding v Madden OCC Regulatory reform

House banking panel to hold two hearings this month on CRA reform plan

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WASHINGTON — The House Financial Services Committee is scheduled to hold two hearings in January to examine a proposal to overhaul the Community Reinvestment Act,...
Federal Reserve Randal Quarles Regional banks Regulatory reform Regulatory relief Stress tests

Fed could write a new chapter on bank supervision in 2020

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WASHINGTON — Over the past decade, the federal bank regulators have been in a constant state of writing rules. There were rules immediately responding to...
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Supreme Court battle, presidential race loom over CFPB in 2020

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The Consumer Financial Protection Bureau heads into 2020 with a full agenda but also facing storm clouds that are beyond its control. Whether the CFPB...
House Financial Services Committee Marijuana banking Marijuana industry Mike Crapo Regulatory reform Senate Banking Committee

Pot banking backers stand firm in face of Crapo’s opposition

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WASHINGTON — After Senate Banking Committee Chairman Mike Crapo poured cold water on legislation enabling banks and credit unions to serve the marijuana industry, several...
CRA Elizabeth Warren Federal Reserve House Financial Services Committee Jelena McWilliams Kathy Kraninger OCC Regulatory reform Regulatory relief Senate Banking Committee

10 banking policymakers to watch in 2020

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WASHINGTON — With the impeachment of President Trump still dominating the capital, the policymaking environment in 2020 does not favor much movement on financial services...
AML cuj daily briefing lead Edit License Marijuana banking Marijuana industry Mike Crapo Regulatory reform Senate Banking Committee

Crapo delivers crushing blow to pot banking

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WASHINGTON — Senate Banking Committee Chairman Mike Crapo delivered a significant blow Wednesday to legislation enabling banks and credit unions to serve the cannabis industry,...
Affordable housing American Bankers Association Community development districts Consumer Bankers Association CRA FDIC OCC Regulatory reform

Reactions to CRA plan signal long fight ahead

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WASHINGTON — Bank regulators moved the needle this week on efforts to reform the Community Reinvestment Act, but their sweeping proposal could set in motion...
CRA FDIC Federal Reserve House Financial Services Committee Jelena McWilliams Jerome Powell Joseph Otting OCC Regulatory reform Senate Banking Committee

Maxine Waters to crash FDIC meeting on CRA revamp

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WASHINGTON — House Financial Services Committee Chairwoman Maxine Waters announced that she, along with five other panel Democrats, plans to attend a public board meeting...
CRA Edit License FDIC Federal Reserve Jelena McWilliams Joseph Otting OCC Regulatory reform Regulatory relief

CRA cheat sheet: New regime would look very different

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WASHINGTON — After nearly two years of anticipation, financial regulators unveiled a sweeping proposal Thursday to reform how they implement the Community Reinvestment Act. The...