regulatory capture – Regulatory Report

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[ October 22, 2020 ] Goldman Sachs fined $154 million by Fed over failures that allowed scheme against 1MDB to proceed The Fed
[ October 21, 2020 ] Although economic activity is on upswing, Beige Book finds ‘considerable uncertainty’ about the future remains prevalent The Fed
[ October 21, 2020 ] Yet another charged with getting PPP loans fraudulently – this one for more than $2.5 million FDIC
[ October 20, 2020 ] Bureau decides to extend ‘GSE patch’ until it finalizes a rule amending general QM loan definition CFPB
[ October 20, 2020 ] Board splits on final rules for NSFR levels, TLAC requirements; OKs interim rule on audit requirement relief FDIC

Report outlines risks of ‘regulatory capture’ related to documentation of bank examiners’ findings

September 8, 2020 0

Risks of “regulatory capture” – the phenomenon of a regulator acting in the interest of the regulated industry rather than the public interest – could be better documented by the federal insurer of bank deposits, […]

Congressional oversight agency lays out threat to ‘regulatory capture’ at central bank

December 8, 2017 0

A failure to progress on a program meant to manage risk among large banks and financial institutions may be leading to a threat to the independence at the Federal Reserve from the industry it regulates, […]

Although economic activity is on upswing, Beige Book finds ‘considerable uncertainty’ about the future remains prevalent

October 21, 2020 0

Economic activity is increasing across the country, but a “considerable degree of uncertainty” for the future outlook is prevalent in many areas, according to the latest snapshot of economic activity released Wednesday by the Federal Reserve. In its October 2020 [...]
Yet another charged with getting PPP loans fraudulently – this one for more than $2.5 million

October 21, 2020 0

Fraudulently obtaining more than $2.5 million in Paycheck Protection Program (PPP) loans has earned a Virginia man an arrest on charges of bank fraud, law enforcement authorities said Tuesday. In a release, the U.S. Attorney for the Eastern District of [...]