Key Highlights
- FRB still deciding whether to move forward with its own CRA proposal, early stages of considering climate risks.
- FTC focus on anti-trust expanded to prior tech company acquisitions.
- FDIC issued procedures for deposit insurance applications involving unique or complex proposals, and approved a fintech company’s application to provide insured deposits
Financial services regulatory and policy news
Banking
- House lawmakers press FRB Powell on CRA, climate change, stress tests
- Powell: no decision yet on approach to reforming CRA rules
American Banker, RegReport.info, February 11, 2020 - FDIC released a 2020 version of the HMDA Reporting Guide
FDIC, February 13, 2020 - FDIC issues supplemental and updated procedures for certain deposit insurance applications
FDIC, February 10, 2020 - Fintech moves closer to becoming a Bank - FDIC approved insurance application
WSJ, February 10, 2020 - FRB speech on innovation and regulation of community banks
FRB, February 10, 2020 - FRB speech on transparency, accountability, and fairness in bank supervision
FRB, February 11, 2020
Capital Markets
- CFTC remarks on weather and climate change and risk management
CFTC, February 14, 2020 - CFTC statement on supporting innovation in digital asset products
CFTC, February 10, 2020 - CFTC remarks at ISDA/SIFMA AMG benchmark strategies forum 2020 (re: LIBOR transition)
CFTC, February 12, 2020 - SEC seeks to curb shareholder resolutions
WSJ, February 9, 2020
Other
- FTC to examine past acquisitions by large technology companies
FTC, February 11, 2020 - FTC seeks public comment on endorsement guides
FTC, February 12, 2020 - Household debt reaches highest volume since 2005; increases in student loans, auto, and credit card debt
Federal Reserve Bank of New York, February 11, 2020 - New York fed to publish SOFR averages and SOFR index
Federal Reserve Bank of New York, February 12, 2020 - House Committee Staff report highlights lack of diversity in large banks
House Financial Services Committee, February 12, 2020 - California governor to fintechs: Forget Utah. Be an ILC here
American Banker, February 7, 2020
Industry news
- Takeaways from trump budget: Affordable housing cuts, CFPB funding changes
American Banker, February 10, 2020 - New Credit-Loss standard could benefit lenders if regulators loosen capital requirements, study says (re: CECL)
WSJ, February 11, 2020 - Demand for leveraged loans ignites market, concerns on risk
Reuters, February 5, 2020
- Green bonds branch out with record sale
WSJ, February 10, 2020
- European securities and markets authority releases sustainable finance strategy
Pensions & Investments, February 6, 2020
- Hostile spies target U.S. With cyber, encryption, big data, report finds
WSJ, February 13, 2020
- Libor transition hits hurdle after SOFR-linked bond sales slump
Bloomberg, February 10, 2020
