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The Senate Banking Committee appeared poised to advance President Joe Biden's latest Federal Reserve Board picks after a Wednesday confirmation hearing that saw the nominees tread cautiously on potential changes to bank merger standards and capital requirements.
The U.S. Department of Justice's top antitrust official said Tuesday that his division will take a more expansive view of potential competitive effects when reviewing proposed bank mergers, signaling a shift away from traditional deposit-focused analyses.
Acting Comptroller of the Currency Michael Hsu said Wednesday that while federally chartered banks have made some moves to fortify themselves in the wake of the recent regional banking crisis that toppled Silicon Valley Bank, his agency will be keeping up pressure on lenders to take precautions in order to avoid "nasty surprises."
An Eleventh Circuit panel on Monday affirmed sanctions against the Consumer Financial Protection Bureau for deposition obstruction in a Georgia robocall case, ruling that the agency's "discovery abuses" justified dismissing part of its enforcement action.
The U.S. Supreme Court said Monday that it will not review a $50 million Consumer Financial Protection Bureau in-house judgment against an online payday lender and its owner, turning down their bid to challenge what they say was a "rubberstamping" of their administrative proceedings after the justices' 2018 Lucia decision.