• CFPB’s Kraninger resigns just as Biden takes office

    CFPB’s Kraninger resigns just as Biden takes office0

    Consumer Financial Protection Bureau Director Kathy Kraninger resigned Wednesday, clearing the way for the Biden administration to pick a successor. Kraninger’s departure from the agency with the change of power in Washington was widely expected. Though her term would not have officially ended until 2023, many of her policies supported by the Trump administration had

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  • Banking groups suspend political donations after D.C. riot

    Banking groups suspend political donations after D.C. riot0

    WASHINGTON — On the heels of big banks pausing political contributions, two financial services trade groups announced a similar policy Monday following riots on Capitol Hill that were incited by the comments of certain GOP lawmakers and President Trump. The Consumer Bankers Association and Mortgage Bankers Association said the groups were suspending donations to all

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  • Trump vs. Biden: What’s at stake for banks

    Trump vs. Biden: What’s at stake for banks0

    WASHINGTON — The November presidential and congressional elections will be key to the future of banking policy, and could be the make-or-break factor for partisan issues like pot banking and fine-tuning regulation to focus on racial equity. President Trump’s four years in the White House have been characterized by deregulation, from rolling back Dodd-Frank Act

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  • OCC’s ‘fair access’ rule could be short-lived under Biden

    OCC’s ‘fair access’ rule could be short-lived under Biden0

    WASHINGTON — A new rule that aims to bar large banks from declining services to unpopular industries is unlikely to survive during the Biden administration, analysts say. The “fair access” rule, finalized Thursday by the Office of the Comptroller of the Currency and set to take effect April 1, is meant to punish banks that

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  • Biden team lays groundwork to reverse Trump-era banking policies

    Biden team lays groundwork to reverse Trump-era banking policies0

    WASHINGTON — The Biden administration appears to be wasting no time attempting to unravel Trump-era financial policies. The new president has not been in office for more than two days, and already the White House has selected regulatory nominees for key vacancies with progressive records, and urged executive-branch agencies to pause rulemakings yet to go

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  • Stalled stimulus talks put bankers on edge

    Stalled stimulus talks put bankers on edge0

    WASHINGTON — Banks so far have been able to avoid much pain from the pandemic, but the decision by the Trump administration and congressional leaders to put coronavirus relief negotiations on the back burner is making some in the industry nervous. The economic recovery has shown encouraging signs since widespread business closures and stay-at-home orders

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