Financial Regulation News

Financial regulation has always been a well-covered and hotly debated topic, but it came into sharper focus during the 2008 financial crisis. That remains to this day which is why Wiser created the financial regulation news email. It is a daily digest of the best articles from around the web delivered to your inbox every day. Financial regulation news covers both the actions of regulators, as well as the debates and policy decisions that bring the regulations into place. All modern economies in the world operate a form of financial regulation to control and restrict the actions of financial institutions. This is done to protect the wider economy and preserve the integrity of the system, which in turn creates confidence and trust. In the United States, there are financial regulators at every level of government. At the top of the tree is the Federal Reserve but there are also state regulators and others. The challenge is to create a system that encourages growth and the pursuit of prosperity, while safeguarding the financial system and individual Americans. You can stay up-to-date with all developments when you register for the Wiser financial regulation news email.

Recent Financial Regulation News Coverage
 
Your Weekly Recommendations Sunday, February 18, 2018
 
Recommended for you
Finma publishes ICO guidelines
Finextra
Court of Appeals Decision: Managers of Open-Market CLOs Not Subject to Dodd-Frank Risk Retention
The National Law Review • Cadwalader, Taft Llp, Wickersham
Struggle for black and Latino mortgage applicants suggests modern-day redlining
PBS • Pbs Newshour
Regulatory panel to review Prudential risk designation
Business Insurance
U.S. Bank Cited by Federal Authorities for Lapses in Money Laundering
The New York Times • Emily Flitter
Banks unfairly deny mortgages to African-Americans and Latinos - report
RT - Daily news • Rt
The gradual loosening of control over Wall Street
Gulf News • Sheelah Kolhatkar
Prudential pushes Trump officials to loosen oversight
The Hill • Sylvan Lane
BREAKING: US Bank To Pay $613M For Faulty Money Laundering Program
Law360 • Evan Weinberger
The big bank crisis: Who is to blame?
The Economic Times of India
 
Recommended for You
Bank Regulation, Economic Policy
Finma publishes ICO guidelines
Finextra
In guidelines published today, the Swiss Financial Market Supervisory Authority FINMA sets out how it intends to apply financial market legislation in handling enquiries from ICO organisers. The guidelines also define the information FINMA requires to deal with such enquiries and the...
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Financial Regulation, Financial Regulatory Bodies
Court of Appeals Decision: Managers of Open-Market CLOs Not Subject to Dodd-Frank Risk Retention
The National Law ReviewCadwalader, Taft Llp, Wickersham
Introduction On February 9, 2018, a three-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit unanimously ruled in favor of the Loan Syndications and Trading Association (“LSTA”) in its lawsuit against the Securities and Exchange Commission (“SEC”)...
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Financial Regulation, Mortgages
Struggle for black and Latino mortgage applicants suggests modern-day redlining
PBSPbs Newshour
Ten years since the economic recession, lending has returned for many Americans. Yet the gap between white and black homeownership is wider now than it was in 1960, with signs of modern-day redlining showing up across the country. Special correspondent Aaron Glantz...
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Finance, Financial Regulation
Regulatory panel to review Prudential risk designation
Business Insurance
(Reuters) — A panel of U.S. regulators will discuss next week whether insurer Prudential Financial Inc. should continue to be subject to stringent oversight, according to a public notice and a company statement. The U.S. Financial Stability Oversight Council, which designates which...
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Bank Regulation, Credit Cards
U.S. Bank Cited by Federal Authorities for Lapses in Money Laundering
The New York TimesEmily Flitter
U.S. Bank, the fifth-largest commercial bank by assets in the United States, was charged by the federal authorities on Thursday with failing to guard against illegal activity and, in at least one instance, even abetting it. The Justice Department accused U.S. Bank,...
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Financial Regulation, Mortgages
Banks unfairly deny mortgages to African-Americans and Latinos - report
RT - Daily newsRt
African-Americans and Latinos are being disproportionately denied mortgage loans from eight major banks in comparison with white Americans. The disparity points to a major racial bias in bank mortgage lending across the US. Black mortgage applicants were rejected by lenders at significantly...
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Economic Policy, Finance
The gradual loosening of control over Wall Street
Gulf NewsSheelah Kolhatkar
It is not in the interests of the greater good to go back to a lax oversight regime On July 25, 2013, a high-ranking federal law enforcement officer took a public stand against malfeasance on Wall Street. Preet Bharara, then the US...
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Economic Policy, Federal Reserve
Prudential pushes Trump officials to loosen oversight
The HillSylvan Lane
The sole insurance company subject to stricter federal oversight under the Dodd-Frank Act is pushing Washington to set it loose. Prudential Financial is asking an interagency group of regulators to strip its designation as a “systemically important” nonbank financial institution. The insurance...
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Bank Regulation, Credit Cards
BREAKING: US Bank To Pay $613M For Faulty Money Laundering Program
Law360 Evan Weinberger
(February 15, 2018, 10:38 AM EST) -- U.S. Bank on Thursday agreed to pay $613 million as part of a deferred prosecution agreement with federal prosecutors and bank regulators over alleged failings of its anti-money laundering programs, including an effort to hide...
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Banking, Bank Regulation
The big bank crisis: Who is to blame?
The Economic Times of India
The problems in the banking sector are only getting bigger and murkier with each passing day. As RBI tightens the screws on banks, unveiling a stricter surveillance framework for resolution of NPAs, one of India’s top PSU banks, Punjab National Bank, says...
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