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Banking Regulation

All articles tagged with #banking regulation

Ex-Citi executive says she was fired for flagging Trump client concerns
business25 days ago

Ex-Citi executive says she was fired for flagging Trump client concerns

A former Citigroup wealth unit managing director filed a Brooklyn federal lawsuit alleging she was terminated in April 2025 after raising concerns about Citi’s risk-management practices and its discussions about taking on Donald Trump as a client, including the possibility of a numbered account; Citi says the departure followed multiple substantiated complaints about her behavior, while noting it changed its code of conduct in 2025 to prohibit discrimination by political affiliation.

via Financial Times|
#banking-regulation#business#citigroup-inc
DOJ widens probe into banks over alleged political debanking
business1 month ago

DOJ widens probe into banks over alleged political debanking

Federal prosecutors have subpoenaed JPMorgan Chase, Bank of America, Wells Fargo and other banks in a sweeping criminal probe into whether they debanked customers for political reasons, demanding lists of closed accounts and the rationale behind closures. The investigation, led by the DC US attorney’s office, could invoke the Financial Institutions Reform, Recovery and Enforcement Act of 1989, though it remains unclear which law the banks may have violated; banks say they follow regulations and do not drop customers for politics.

via New York Post|
#bank-of-america#banking-regulation#business
Barr Warns Deregulation Could Undermine Banking Stability
business1 month ago

Barr Warns Deregulation Could Undermine Banking Stability

Governor Barr argues in a speech that recent deregulation of bank capital, liquidity, and supervision threatens financial stability by increasing long-run risk, despite short-term gains. He urges maintaining strong capital, liquidity, and consumer protections to prevent crises, emphasizing bank–nonbank interconnections and the danger of a 'race to the bottom.'

via Federal Reserve (.gov)|
#banking-regulation#barr#business
Trump scales back citizenship data requirement for banks, while boosting fintech access
politics1 month ago

Trump scales back citizenship data requirement for banks, while boosting fintech access

Trump signs two executive orders: the first drops a plan to require banks to collect citizenship information and instead directs Treasury and regulators to explore how undocumented immigrants might open accounts or obtain loans, while considering changes to Bank Secrecy Act/ID rules; it also asks the CFPB to weigh deportation and wage-loss as factors in loan repayment and to provide guidance on credit risk for undocumented borrowers. The second order aims to boost fintechs’ access to the Fed’s payment rails by prompting regulators to review policies for innovation and competition while preserving safety, including evaluating which non-bank institutions can access Fed accounts.

via Semafor|
#bank-secrecy-act#banking-regulation#executive-orders
Basel Endgame relaxed: U.S. banks to hold less capital and free funds
business3 months ago

Basel Endgame relaxed: U.S. banks to hold less capital and free funds

U.S. regulators proposed softened Basel Endgame capital requirements, cutting overall capital at large banks by about 4.8%, by about 5.2% for larger regional banks, and 7.8% for banks under $100 billion in assets, freeing billions for lending, dividends, and buybacks. The Fed, FDIC, and OCC will review and solicit feedback on the Basel draft, amid industry lobbying to ease rules; critics warn the changes may weaken safeguards as risks rise. Analysts estimate roughly $175 billion in excess capital could be repurposed.

via CNBC|
#banking-regulation#basel-endgame#business
Basel Tweaks Sought to Bring Mortgage Lending Back Home to Banks
business4 months ago

Basel Tweaks Sought to Bring Mortgage Lending Back Home to Banks

Vice Chair Bowman argues Basel capital rules have pushed banks out of mortgage origination and servicing due to MSR deductions and uniform risk weights; two proposed changes would remove the MSR deduction while keeping the 250% MSR risk weight and move to loan-to-value-based risk weights for residential mortgages, aiming to reignite bank participation, stabilize servicing, and preserve consumer choice and financial stability.

via Federal Reserve Board (.gov)|
#banking-regulation#basel#business
Trump's Focus on 'Debanking' Explained
politics11 months ago

Trump's Focus on 'Debanking' Explained

President Trump is strongly advocating against 'debanking,' claiming that banks have discriminated against him and others for political reasons, and is preparing an executive order to investigate such practices. Debanking, which involves banks refusing service to customers for various reasons, has become a contentious issue among conservatives and crypto advocates, often framed as a victimization narrative despite regulatory reasons for bank rejections. Trump’s personal allegations include claims of being cut off by JPMorgan Chase and Bank of America, highlighting the politicized nature of the debate.

via CNN|
#banking-regulation#crypto-industry#debanking
Chair Powell's Opening Remarks at Large Bank Capital Framework Review
finance11 months ago

Chair Powell's Opening Remarks at Large Bank Capital Framework Review

Chair Jerome Powell opened a conference on the integrated review of the capital framework for large banks, emphasizing the importance of a cohesive approach to risk-based capital requirements, leverage, surcharges, and stress tests to ensure a safe, sound, and competitive banking system, while inviting feedback for improvements.

via Federal Reserve Board (.gov)|
#banking-regulation#capital-framework#federal-reserve