Banking
Top stories summarized by our editors
9/26/2018

Former Federal Reserve Governor Daniel Tarullo, who helped implement the Dodd-Frank Act, says that the financial system is in better shape than it was a decade ago but that if a large bank became distressed, it might still be viewed as too big to fail, which would lead to calls for government intervention. He also warned that making stress testing criteria too transparent would defeat the purpose, saying, "It is very much like allowing the student to see the questions beforehand, before coming in and taking the exam."

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Politico
9/26/2018

Companies took out $8.9 billion in loans, leases and lines of credit for capital investments in August, up from $7.8 billion in August 2017, according to the Equipment Leasing and Finance Association. The association's Equipment Leasing & Finance Foundation says confidence is positive, with the index for September at 65.5, up from August's 60.7.

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Reuters
9/26/2018

Treasury Secretary Steven Mnuchin and Comptroller of the Currency Joseph Otting hope to change the Community Reinvestment Act. Activists agree the law needs updating but have expressed concern that changes would give low-income borrowers less bank access.

9/26/2018

Online banks can make banking more convenient for retirees and may offer higher interest rates and lower fees than traditional banks, writes Jacquelyn Pica. However, she notes the human touch is lacking, which may make complex transactions more difficult.

9/25/2018

The Federal Reserve is expected to raise interest rates Wednesday in light of a forecast of 4.4% economic growth in the third quarter and increases in hiring and inflation. This would be the third rate increase this year.

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Fox Business
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Federal Reserve
9/25/2018

Japanese negotiators are trying to persuade the US to forgo increased tariffs on vehicles made in Japan as they work toward bilateral trade talks. President Donald Trump and Japanese Prime Minister Shinzo Abe might make a joint announcement on the issue Wednesday.

9/25/2018

U.S. Bank's small-business customers can now apply for loans of up to $250,000 online. While the wait time for customers who apply in a branch can be up to 11 days, the online loans could be approved in as little as one day.

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US Bank
9/25/2018

Smaller banks saw regulatory relief from recent changes to the Dodd-Frank Act, but larger banks did not, says Jamie Dimon, CEO of JPMorgan Chase. Without throwing out Dodd-Frank entirely, lawmakers should get rid of duplication and look at things that hurt the mortgage market, among others, so growth can be enhanced safely, he says.

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CNBC
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Jamie Dimon, JPMorgan Chase
9/25/2018

The Federal Reserve should maintain strong capital requirements for large financial institutions, nineteen members of Congress said in a letter to Fed Chairman Jerome Powell. The lawmakers cited concerns about a proposal from Randal Quarles, the Fed's vice chair for supervision, to ease capital requirements.

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HousingWire
9/25/2018

Perfectionist leaders create a culture in which no one measures up and mistakes are committed by only other people, writes Dan Rockwell. There is a difference between having high standards and expecting perfection, he argues, that can be seen when celebrating progress, rather than lamenting what wasn't achieved.

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Leadership Freak
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Dan Rockwell