What comes next for the Fed’s regulatory independence?
The Supreme Court may have allowed the central bank to chart its own course on bank oversight for now, but discrepancies between two recent rulings set the stage for challenges.
Regulation and compliance
Bowman: Low-risk AI usage should get lighter regulatory touch
Federal Reserve Vice Chair for Supervision Michelle Bowman said in a speech Tuesday morning that she is working with other regulators around the world to emphasize innovation in the banking sector, including with artificial intelligence.
Reckoner to launch risk retention financing for securitizations
Nearwater Capital alums join competitors to service the financing industry niche, which will include CLOs sold to European investors.
By
John Hintze
Trump picks Brian Johnson, former CFPB No. 2, to lead bureau
The White House has nominated Brian Johnson, the former CFPB deputy and a veteran Capitol Hill staffer, to permanently lead the bureau.
Fed’s Barr: Strong bank regulation curbs nonbank risks
The Federal Reserve governor warned in a speech Saturday that lower capital requirements and lighter supervision could create a credit 'sugar high' that could spur excessive risk-taking, with potentially significant long-term consequences.
Lawmakers press bank regulators on private credit risks
Members of the House Financial Services Committee pressed prudential bank and credit union regulators about the potential risks of bank lending to private credit firms in a hearing Thursday.
SBA raises cumulative loan cap for first time since 2010
While the move is seen in a positive light, lenders and Trump administration officials are still angling to raise the loan-size limit within the agency's flagship 7(a) program.
Report: Private credit opacity poses risk to financial system
A report from the Financial Stability Board said limited transparency in the private credit market makes it difficult for regulators to monitor and understand risks, potentially masking challenges to the financial system.
CFPB sued over new rule that would weaken fair-lending laws
Housing advocates and compliance firms are suing to block a rule from the Consumer Financial Protection Bureau that they say guts the Equal Credit Opportunity Act.
House passes their version of housing legislation, 396 to 13
The House passed housing legislation that includes a slightly pared-down institutional investor housing ban, as well as a raft of community bank measures.
Financial reformer and lawmaker Barney Frank dies at 86
The co-author of the landmark Dodd-Frank Act and progressive congressional trailblazer Rep. Barney Frank, D-Mass., has died.
Dems say SBA left businesses vulnerable to ‘predatory’ financing
Sens. Ed Markey and Ron Wyden argue that the Small Business Administration neglected to warn small firms of the risks of merchant cash advances and closed off a key "escape route" from the resulting debts.
House reworks institutional investor ban in housing bill
House lawmakers modified a ban on big-money investors from purchasing single-family homes, broadening the exemptions for build-to-rent properties and eliminating requirements in a Senate version of the bill that affected investors divest their holdings.
IMF calls Mythos a systemic risk
Three senior officials say attackers will eventually breach bank defenses, and supervisors should plan for it — while U.S. regulators stay nearly silent.
Treasury meets with life insurers to discuss private credit
The Treasury Department held a high-stakes huddle with state insurance officials to discuss risks associated with the rapid growth of private credit in the economy and whether those investments could pose systemic vulnerabilities.
California bills would pause mortgage payments in disasters
Alongside a bill that gives homeowners a year of forbearance after state-declared emergencies, lawmakers will consider extending wildfire-related moratoriums.
Banks question Basel omission of PMI in mortgage weights
A proposed update to Basel III capital rules from federal banking regulators does not specifically include mortgage insurance as a factor in determining the risk weight for a mortgage loan held on a bank's balance sheet. Industry experts say it should.
Credit risk transfers earn bipartisan praise
Credit risk transfers, a means by which banks can move risk off their balance sheets, earned considerable bipartisan support in a House Financial Services subcommittee hearing Wednesday.
Maine introduces bill to ‘effectively ban’ HEI contracts
The new law adds rules, including counseling requirements, which would put severe constraints on originations of HEIs, an industry representative said.
Credit card issuer Mission Lane applies for bank charter
The credit startup is seeking a limited-purpose charter from federal regulators through the Competitive Equality in Banking Act's credit card bank carveout.
Load More
Couldn’t load more articles. Try again.