During a Tuesday hearing, the Senate Banking Committee talked to experts on how to improve the accountability and oversight of bank supervisory agencies, from applications to mortgage-related securities.
Read More »Q1 Trends in Regulatory Actions
The latest Banking Compliance Index (BCI) quarterly report was released on Tuesday by Continuity, and it showed that Q1 2019 was the third consecutive quarter where more than 50% of enforcement actions were taken against bank officers and directors, rather ...
Read More »Warren Buffett Talks Wells Fargo
In a recent interview, Berkshire Hathaway CEO Warren Buffett stated that Wells Fargo should look outward in their search for a new CEO.
Read More »Federal Banking Agencies Address “Too Big to Fail”
Federal banking agencies recently proposed a rule to reduce the impact from failure from the largest banks. Here's what's in the proposed rule.
Read More »Powell Promises ‘Thorough’ Review of BB&T, SunTrust Merger
Fed Chair Jerome Powell briefed the House Financial Services Committee on how the Fed will approach its examination of the major recent merger. Here’s what he had to say.
Read More »Regulation Vs. Added Costs
A change of name for the CFPB to the Bureau of Consumer Financial Protection is likely to cost the industry millions. Here’s why.
Read More »Vendorly Expands Offerings with Contract Management Tool
Vendorly, a vendor oversight platform for financial institutions, announced the launch of its Contract Management feature to enhance insights into contract terms, performance, and spend analysis within the vendor management solution.
Read More »Clarida Nom Heads for Senate Vote
On Tuesday, the Banking Committee advanced the nomination of Richard Clarida for Vice-Chairman of the Fed, as well as Michelle Bowman for Member of the Board of Governors of the Fed. Hit the link to learn more about the nominees.
Read More »Banking Committee Considers Fed Nominees
Richard Clarida and Michelle Bowman gave their testimony during their nomination hearing for top jobs at the Fed by the Banking, Housing, and Urban Affairs Committee. Click through to learn what they had to say about their potential roles.
Read More »How Much Have Banks Been Fined Since the Crisis?
According to a tally released Tuesday by New York-based investment banking firm Keefe, Bruyette & Woods, banks have been fined $243 billion since the financial crisis in 2008. As reported by Marketwatch, repayment of the fines involves a mixture of ...
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