Farm Credit Watch: In Reporting Record Income for 2018, the FCS May Be Underestimating Future Loan Losses
In its recently issued Annual Information Statement for 2018, the FCS reported after-tax profits for 2018 of $5.33 billion and...
Newsbytes
McWilliams: Volcker Reform Should Address Treatment of Foreign Funds
Noting that “the agencies still have work to do” to reform the Volcker Rule, FDIC Chairman Jelena McWilliams today emphasized...
Op-Ed Challenges Efforts to Open Investor Capital to Credit Unions
On the eve of the largest credit union industry lobbying event of the year, a Newsmax op-ed columnist on Friday...
Luetkemeyer Warns of CECL’s Negative Consequences for Consumers, Community Banks
Rep. Blaine Luetkemeyer (R-Mo.) today warned of the negative consequences that the Financial Accounting Standards Board’s current expected credit loss...
ABA Offers Feedback on Proposed S. 2155 Volcker Rule Changes
In a comment letter to the financial regulatory agencies today, the American Bankers Association offered feedback on a recent joint...
FinCEN Updates List of AML/CFT Jurisdictions
The Financial Crimes Enforcement Network last week released a revised list of the jurisdictions that are subject to countermeasures or...
Labor Department Releases Proposed Overtime Rule
The U.S. Department of Labor this evening released its long-awaited rewrite of the Obama administration’s “overtime rule”—which was adopted in...
Bipartisan Cannabis Banking Bill Introduced
Reps. Ed Perlmutter (D-Colo.), Denny Heck (D-Wash.), Steve Stivers (R-Ohio) and Warren Davidson (R-Ohio) today introduced a bipartisan bill that...
CFPB to Focus on ‘Prevention of Harm’ Under Kraninger’s Leadership
The Consumer Financial Protection Bureau will focus on “the prevention of harm” under her leadership, CFPB Director Kathy Kraninger said...
