Recent News

Fed’s Kashkari: Keep Dodd-Frank regulations in place for big banks

Minneapolis Federal Reserve Bank President Neel Kashkari said on Wednesday that there should not be any relaxation of regulations that have tightened oversight of Wall Street. “Progress has been made. I wouldn’t want to roll that back off the biggest banks,” Kashkari said at an event in Minneapolis, when asked about the fate of the Dodd-Frank reform act that was passed in part to prevent big banks from causing a repeat of the 2007-2008 financial crisis.

CUNA Asks Congress to Direct CFPB To Exempt Credit Unions From Its Rules

The Credit Union National Association today urged Congress to direct the CFPB to exempt credit unions and small banks from its rulemaking. “The Bureau’s unwillingness to exercise fully its exemption authority has resulted in credit unions reducing the availability of or eliminating entirely, safe and affordable financial products from the market,” the group said in a letter to Senate Banking Committee Chairman Mike Crapo and ranking member Sherrod Brown.