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Banking Regulation

All articles tagged with #banking regulation

Basel Endgame relaxed: U.S. banks to hold less capital and free funds
business22 days 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
business1 month 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
politics8 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
finance8 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
Biden Administration Caps Overdraft Fees at $5 Nationwide
finance1 year ago

Biden Administration Caps Overdraft Fees at $5 Nationwide

The Consumer Financial Protection Bureau (CFPB) has issued a rule capping overdraft fees at $5 for banks and credit unions with over $10 billion in assets, potentially saving consumers $5 billion annually. This move aims to close a legal loophole that allowed excessive fees, which have disproportionately affected minorities and low-income consumers. The rule, part of the Biden Administration's effort to reduce 'junk fees,' is expected to face legal challenges from the banking industry, which argues it could limit their ability to offer overdraft services.

via CBS News|
#banking-regulation#biden-administration#cfpb
New Federal Rule Caps Bank Overdraft Fees at $5
finance1 year ago

New Federal Rule Caps Bank Overdraft Fees at $5

The Consumer Financial Protection Bureau (CFPB) has finalized a rule limiting bank overdraft fees, potentially saving consumers $5 billion annually. The rule allows banks to charge a $5 fee, cover costs, or disclose the interest rate on overdraft loans, significantly reducing the average $35 fee. This move, part of the Biden administration's crackdown on excessive fees, faces opposition from banking groups and its future is uncertain, especially with potential changes in CFPB leadership under the Trump administration. The rule is set to take effect on October 1, 2025.

via CNBC|
#banking-regulation#biden-administration#cfpb
New Federal Rule Caps Overdraft Fees to Save Billions
finance1 year ago

New Federal Rule Caps Overdraft Fees to Save Billions

The Consumer Financial Protection Bureau (CFPB) has closed a loophole that allowed large banks to charge excessive overdraft fees without adhering to lending laws. The new rule, applicable to banks and credit unions with over $10 billion in assets, offers options to cap overdraft fees at $5, cover only costs and losses, or comply with standard lending disclosures. This move is expected to save consumers up to $5 billion annually. The rule will take effect on October 1, 2025, as part of broader efforts to eliminate junk fees.

via Consumer Financial Protection Bureau|
#banking-regulation#cfpb#consumer-protection
Navigating High Credit Card Rates This Holiday Season
finance1 year ago

Navigating High Credit Card Rates This Holiday Season

Banks like Synchrony and Bread Financial have raised interest rates and introduced new fees on credit cards in anticipation of a Consumer Financial Protection Bureau (CFPB) rule to cap late fees, which is now unlikely to be implemented. This has led to increased costs for consumers, particularly those with lower credit scores who rely on store-branded cards. The CFPB's proposed rule aimed to reduce late fees from an average of $32 to $8, but legal challenges have stalled its implementation, leaving consumers to face higher borrowing costs.

via CNBC|
#banking-regulation#cfpb#consumer-protection