Regulation and compliance
- Banking
After 50 years, a new mutual bank will launch
Organizers of what would be the nation’s first de novo mutual bank in half a century say they’re nearly ready…
Read More » - Banking
Trial for ex-JPMorgan bankers could signal new tactic against white-collar crime
A rare courtroom trial for a team of former JPMorgan Chase bankers starting this week is being closely watched for…
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Rethinking bank capital at a ‘pivotal moment’ for the Fed
Michael Barr, the Biden administration’s pick to serve as the Federal Reserve’s top regulator, said during his Senate confirmation hearing…
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Fed bans former Golden Pacific investor from banking industry
Karl K. Klessig, an investor who sought to acquire the former Golden Pacific Bancorp in Sacramento, California, was banned from…
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CFPB’s tactics in Fifth Third lawsuit called ‘pretty aggressive’
The Consumer Financial Protection Bureau is getting blowback from a federal judge and banking experts for tactics used in its…
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CFPB seeks input on customer service issues at large banks, credit unions
The Consumer Financial Protection Bureau issued a request for information on customer service at large banks and credit unions as…
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Citizens, Cullen/Frost join parade of banks eliminating NSF fees
Two regional banks — Citizens Financial Group and Cullen/Frost Bankers — announced plans Monday to eliminate fees paid by customers…
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PayPal mounts crypto offensive after N.Y. grants a full license
PayPal Holdings will let users transfer certain cryptocurrencies to other customers, exchanges and external wallets, a new service that’s part…
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Fed to publish stress test results June 23
WASHINGTON — The Federal Reserve announced Monday that it will release the results of its supervisory stress tests on June…
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Progressives seek guidance-first approach to climate risk
WASHINGTON — A push from progressives to have federal bank regulators rely more heavily on supervisory tools and guidance to…
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Bank regulators need to overhaul their digital capacity
The recent flood of news about cryptocurrencies, the financial performance of fintech firms, banks experimenting in the metaverse and the…
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All together now: Regulators tout benefits of CRA revamp
WASHINGTON — Banking regulators put on a united front in defending their revamp of anti-redlining legislation in the first time…
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Louisiana governor vetoes bill to allow high-cost installment loans
Louisiana Gov. John Bel Edwards has vetoed a bill that would have allowed consumer lenders to offer short-term installment loans…
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Community groups withhold support of U.S. Bank-Union Bank deal — for now
Key community groups told regulators Tuesday that they aren’t yet supportive of U.S. Bancorp’s pending acquisition of MUFG Union Bank,…
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CFPB proposal aims to curb bias in automated appraisals
Combating appraisal bias has been a priority of the Biden administration, which convened an interagency task force last year to…
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