CFPB rules, M&A standards most likely CRA repeal targets
While most of the Biden administration’s prudential banking regulations can’t be overturned under the Congressional Review Act, late-breaking rules by the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency’s M&A rules could be overturned.
USAA’s new CEO tasked with fixing regulatory issues
The San Antonio-based insurer and bank has named Juan Andrade as its next CEO. The company's bank has suffered a series of regulatory penalties.
Los Angeles banks react, give back as wildfires continue
As the flames continued to spread, banks closed more branches while others donated to relief efforts.
Fed’s Bowman preaches pragmatism for regulation, supervision
Seen by many as a logical pick for the Federal Reserve's next vice chair for supervision, Gov. Michelle Bowman wants the institution to focus on safety and soundness issues, tailoring and transparency.