Senate Approves Michael Barr to Federal Reserve Post
The Senate easily approved Michael Barr to be the Federal Reserve’s top banking regulator in a bipartisan vote Wednesday.
Financial Regulators Want to Learn More About AI
Federal banking regulators are taking a closer look at artificial intelligence, largely driven by the financial industry’s expanding use of AI. The question is whether they will be able to successfully adapt to address AI’s potential shortcomings.
Yellen Wins Senate Approval as Treasury Secretary
The Senate approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary on Monday, making her the first woman to hold the job in the department’s 232-year history.
Biden Picks Warren, Ally for CFPB Head
President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed.
OCC Victimizes Banks with New Rule
The Trump administration continues to commit acts of regulatory vandalism on its way out the door, and this time the banking industry is the victim.
FDIC Offers Bank Temporary Reporting Relief on PPP Assets
Banks with more than $500 million in assets will receive temporary relief from FDIC audit requirements if they experienced growth by participating in the Paycheck Protection Program and other economic aid activities.
Banker & Tradesman’s Editorial Cartoon: Got a Plan for That?
Who do you call when you realize you need to rein in money-laundering megabanks?
As Regulatory Sandboxes Expand, the OCC Takes a Different Approach to Innovation
A new pilot program is designed to allow OCC-regulated entities a voluntary opportunity to engage in developing innovative products or services where there is significant regulatory uncertainty.
Repeal Of Volcker Rule Moves Closer
There has been growing momentum throughout the year to alter or repeal the Volcker Rule. Earlier this month, the U.S. Office of the Comptroller of the Currency sent out a formal notice soliciting comment on whether certain parts of the rule should be revised.
