OCC’s Hood floats raising SAR threshold, revising HHI index
Acting Comptroller of the Currency Rodney Hood suggested Tuesday that regulators should consider raising the dollar amount for mandatory suspicious activity reporting and revising the Herfindahl-Hirschman Index to advance bank mergers.
Fed’s Bowman calls for review of Dodd-Frank reforms
Federal Reserve Gov. Michelle Bowman — who is viewed as a leading contender to be the next Vice Chair for Supervision at the central bank — said changes to the post-financial crisis framework should be a focal point of the central bank’s ongoing regulatory policy review.
IRS memo sets stage for Musk advisor to access taxpayer data
The IRS would give a temporary detail to provide software engineering expertise to a special advisor to the director at the Office of Personnel Management.
Genesis Bank, built for acquisitions, strikes first deal in California
The three-year-old Huntington Beach-based institution, which secured $500 million in investor pledges to acquire peers, says more dealmaking may be in the works.
JPMorgan set to relive ‘huge mistake’ at Javice fraud trial
At a trial that starts this week in Manhattan, federal prosecutors will seek to prove that Charlie Javice, the founder of college financial-planning startup Frank, and chief growth officer Olivier Amar committed fraud to get JPMorgan Chase & Co. to go through with the 2021 transaction.
President Trump should place Democrats on the FDIC board. No, really.
Banking regulation doesn’t need to mimic the hyper-partisan nature of today’s politics. A balanced FDIC board would confer legitimacy on any efforts by the Trump administration to overhaul financial-services regulation.
Financial data services are surging, but big tech wants in
A just-released McKinsey report predicts strong growth for market data providers, but analysts note that big tech companies are encroaching.
Credit card surcharging is rising: What banks need to know
The fees are controversial for card networks and consumers, but the impact on banks has been muted. Here’s why that could change.
Effective bank regulatory modernization requires a scalpel, not an axe
An overhaul of the bank regulatory system is past due, but the urge to start tearing up the rule book must be resisted in favor of precision and the thoughtful application of some basic principles.
Why tariffs, inflation could thwart community banks’ growth
Small lenders produced net interest margin expansion in the fourth quarter, thanks in large part to interest rate cuts in the second half of 2024. Festering inflation, however, threatens to lead to rate increases that could stall their momentum.