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Category: Regulations


Regulations

Decade in the making: post-crisis banking rules finally signed

December 8, 2017

Via: CNBC

Financial regulators reached a long-sought deal on Thursday to harmonize global banking rules, capping a decade of effort to make banks more resilient even if they fell short of their own initial hopes. Facing fierce opposition from the banking industry […]


Capital and risk, Credit, Regulations

Bipartisan Bill Would Give Small Businesses a Tax Credit for Employee Training

October 24, 2017

Via: Insurance Journal

A bipartisan group of congressmen has filed legislation to encourage employers to invest more in training and educating their employees. The legislation would create a tax credit for 25 percent of the first $5,000, or up o $1,250, that an […]


Regulations

Wells Fargo’s CEO knows why customers are staying away even if Wall Street needs a reminder

October 16, 2017

Via: Market Watch

There were questions about loan growth, credit quality, and home equity lines of credit. There were several about closing branches as customers embrace mobile banking, and one on interest rates ‚Äď all very standard questions for analysts to ask on […]


Regulations

Equifax’s Smith goes to Washington to face Senate hearing on data breach

October 4, 2017

Via: CNBC

Equifax’s former CEO, Richard Smith, is likely to face heated questioning from members of the Senate Banking Committee Wednesday as he returns to Capitol Hill for a second day of testimony. He is scheduled to appear in the Banking and, […]


Channels, Regulations

Senators Quiz Wells Fargo CEO, Express Doubt Bank Will Change Ways

October 4, 2017

Via: Insurance Journal

U.S. senators slammed Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to sue. Wells Fargo has disclosed […]


Capital and risk, Credit, Regulations

Finance Industry Sues to End U.S. Rule Curbing Forced Arbitration for Consumers

October 2, 2017

Via: Insurance Journal

A coalition of corporate lobbying groups, led by the U.S. Chamber of Commerce, sued the Consumer Financial Protection Bureau to overturn a rule that makes it easier for aggrieved customers to file lawsuits against financial firms. The litigation, filed Friday […]


Regulations

Republican tax plan could bring huge tax savings to millions of small business owners

September 26, 2017

Via: CNBC

A Republican tax-cut plan due to be unveiled on Wednesday is expected to call for a new rate for “pass-through” businesses of about 25 percent, which would bring huge tax savings to millions of U.S. business owners, a lobbyist familiar […]


Regulations

Wells Fargo Must Be Cleansed

September 5, 2017

Via: TheStreet

It’s time for a new board and perhaps a new chief executive officer at Wells Fargo (WFC) now that we have found that there were 67% more fraudulent accounts created to inflate earnings than previously thought. The addition of 1.4 […]


Regulations

Senators Have Questions for Wells Fargo on Auto Insurance Scandal

August 10, 2017

Via: Insurance Journal

A group of U.S. senators from both parties on Wednesday turned up the heat on Wells Fargo Inc. over its latest scandal, in which hundreds of thousands of car-loan borrowers were charged each month without their knowledge for¬†collision insurance, which […]


Regulations

China’s bank regulator lets risk crackdown deadline slip for some lenders, sources say

August 7, 2017

Via: CNBC

China’s¬†banking regulator has extended by two months a June deadline for banks to submit risk assessments over concerns it was putting strain on the lenders, two sources with direct knowledge of the matter said. Under the leadership of Chairman Guo […]