20 U.S. banks with the most construction loans at the end of Q4
The top five banks have combined construction loans of more than $72 billion.
FHFA title waiver pilot comes under further scrutiny
A trio of Republican Congressmen stated they will investigate how the program got fast-tracked by the Biden Administration.
Investors press Goldman, again, to disclose more pay-gap data
For the second straight year, Goldman Sachs shareholders have filed a proposal calling for more details on racial and gender pay gaps. The request comes as the investment banking giant faces scrutiny over its lack of high-ranking women leaders.
ABA defends pile of suits against regulators as ‘only remaining tool’
American Bankers Association CEO Rob Nichols argued Tuesday that the trade group had no choice but to sue federal agencies that “overstepped” their authority. Former Trump-appointed regulators expressed support for the industry’s increased willingness to take its overseers to court.
Wall Street bonuses slump to 2019 low after dealmaking drought
The average annual cash bonus fell 2% to $176,500 in 2023, the lowest since 2019. The drop was far less dramatic than it was in 2022, when the average bonus slumped 25%.
Some crypto legislation ready for the House floor, Rep. Emmer says
Rep. Tom Emmer, R-Minn., majority whip of the U.S. House, said that House Financial Services Committee Chairman Patrick McHenry’s digital markets structure bill could be ready for the House floor.
NAR changes could hurt homebuyers, experts say
Industry veterans are wary of prospective borrowers who can’t pay for agents, and of compensation guidelines clashing with government mortgage lending programs.
Banks’ increasing willingness to sue their regulators might backfire
Judicial review of bad rulemaking is a right that all regulated industries enjoy. But some industries avail themselves more than others, and the ones that rely on it the most tend to get worse policies. Banks should take notice.
Press Release: FDIC Demands Three Companies Cease Making False or Misleading Representations about Deposit Insurance
PRESS RELEASE | MARCH 19, 2024 FDIC Demands Three Companies Cease Making False or Misleading Representations aboutDeposit Insurance WASHINGTON — The Federal Deposit Insurance Corporation (FDIC) issued letters demanding three companies and certain associated parties cease and desist from making false and misleading statements about FDIC deposit insurance. The FDIC is demanding that PrizePool, Inc. […]
Federal judge orders Chamber to explain why late fee lawsuit was filed in Texas
A Texas judge ordered the U.S. Chamber of Commerce to explain why it sued the Consumer Financial Protection Bureau in Texas to half the bureau’s $8 credit card late fee rule after the bureau filed a motion accusing the trade group of “forum shopping.”