Regulations & Policy: Page 88
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Fed's Quarles pushes streamlined stress tests
The regulator's vice chair defends using stress capital buffer to simplify tests amid criticism that further easing won't adequately prepare banks for downturn.
By Dan Ennis • July 10, 2019 -
Small-bank exemption from Volcker Rule made final
Unlike large, systemically important banks, community banks can use deposits to make trades on their own accounts, known as proprietary trading.
By Robert Freedman • July 10, 2019 -
Trendline
Top 5 stories from Banking Dive
As the banking sphere prepares for a second Trump presidency, institutions are weighing branch strategy and regulatory changes — and looking at how past crises have altered their perception of risk.
By Banking Dive staff -
'Shifting justifications' prompt 9th Cir. to overturn Wells Fargo summary judgment
An email from a supervisor undercut the bank's argument that the plaintiff was fired because her position was eliminated in restructuring.
By Lisa Burden • July 10, 2019 -
EEOC says Citizens Bank failed to accommodate worker with anxiety, forced him to quit
The agency claims that the bank engaged in disability bias when it refused to reassign an employee to one of several vacant positions.
By Jennifer Carsen • July 9, 2019 -
Student loan forgiveness creates moral hazard, critics say
Removed from the consequences of their financial decisions, borrowers may take risks they otherwise wouldn't.
By Robert Freedman • July 9, 2019 -
Top US banks join over 200 corporations to sign LGBTQ rights amicus brief in SCOTUS cases
Lambda Legal described it as a "landmark brief" with more corporate signers than any other previous brief supporting the LGBTQ community.
By Valerie Bolden-Barrett • July 9, 2019 -
Banks take wait and see approach to ROI on AI deployment
Gartner's Moutusi Sau said the banking industry as a whole still waits to see actual value from their current AI projects before committing more resources to the emerging tech.
By Anna Hrushka • July 8, 2019 -
Citi first major US bank to join UN sustainability initiative
The U.N. says the principles are meant to align banks with the organization’s Sustainable Development Goals and the Paris Climate Agreement.
By Anna Hrushka • July 3, 2019 -
Trump nominates backers of lower interest rates to Fed
The President's latest Fed nominees want interest rates to go lower, and one is sympathetic to the gold standard and questions whether the Fed should set rates.
By Robert Freedman • July 3, 2019 -
ABA, ICBA say overdraft opt-out rule working as intended
Banks are giving consumers a chance to avoid overdraft protection fees, while presidential candidate Corey Booker aims to strengthen curbs even further.
By Robert Freedman • July 2, 2019 -
Lawmakers schedule hearings ahead of Facebook's cryptocurrency launch
The Silicon Valley-based company said Libra, which is scheduled to launch in early 2020, is already backed by dozens of companies — including Uber and Mastercard — to be managed by the independent nonprofit, Calibra.
By Anna Hrushka • July 1, 2019 -
Trump: US won't impose tariffs on $300B Chinese goods 'for the time being'
China and the U.S. will resume negotiations and avoid a further escalation of the trade war "for at least the time being," Trump said.
By Shefali Kapadia • June 29, 2019 -
Visa, Currencycloud partner to streamline cross-border payments
Cross-currency wallets and foreign exchange transaction notifications could make tourism spending easier during a trade-war lull.
By Lisa Rowan • June 6, 2019
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