Trump limits regulatory autonomy at independent agencies

President Trump issued an executive order that, among its provisions, disbands agency advisory committees on community banks and credit unions as part of the administration’s effort to trim the size of government.

In one of his final speeches as vice chairman for supervision, Federal Reserve Governor Michael Barr pushed back against criticisms of a variety of regulatory initiatives during his tenure, from heightened capital requirements to climate risk.

ABA joined the Bank Policy Institute and four other financial sector associations in voicing support for an initiative by President Trump to establish a regulatory framework for digital assets while eliminating existing obstacles to bank engagement with the...

The acting director of the CFPB has opened a “tip line” for financial institutions and other businesses to report on bureau staff engaged in regulatory or enforcement activities despite being ordered to cease all work.

Federal regulators should issue regulations or guidelines to prohibit incentive-based compensation arrangements that encourage excessive risk-taking at larger financial institutions, the Government Accountability Office said.

In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day roundtrips for bowling tournaments. For Clayton, that commitment to going the distance is also what community banking is...