Browsing: Policy

Newsbytes

The Treasury Department today issued a report recommending important changes to the Dodd-Frank Act’s orderly liquidation authority, which provides a mechanism for the FDIC and Federal Reserve to wind down a systemically important but failing financial institution with minimal harm to the broader financial system.

Commercial Lending From Libor to SOFR

Used for nearly half a century, Libor underpins more than $350 trillion of financial products. As regulators and the industry plan for its replacement, how will banking change?

Cybersecurity

Reps. Blaine Luetkemeyer (R-Mo.) and Carolyn Maloney (D-N.Y.) released draft text of a bipartisan data security bill today. The bill would provide broad standards for data protection across industries and create new federal post-breach notification requirements.

Compliance and Risk

In releasing the Consumer Financial Protection Bureau’s strategic plan for 2018-22 today, Acting Director Mick Mulvaney emphasized that the agency intends to hew closely to the Dodd-Frank Act, thus providing “a touchstone with a fixed meaning that should serve as a bulwark against the misuse of our unparalleled powers,” he said.

Community Banking Lincoln and the Banks

The magnitude of Abraham Lincoln’s other accomplishments obscures his place as one of America’s most consequential bank policymakers.

Commercial Lending

Senate Banking Committee members Tom Cotton (R-Ark.) and Doug Jones (D-Ala.) yesterday introduced a bill that would clarify the regulatory treatment of high-volatility commercial real estate loans intended to address many banker concerns about capital requirements on HVCRE exposures.

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