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Bank of North Dakota
On a look at whether the public banking movement is losing momentum:

"Banks controlled by politicians. What could go wrong?"

Related: Is the public banking movement losing steam?
FDIC Chairman Jelena McWilliams
Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation (FDIC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 2, 2018. The hearing focused on implementation of a new law easing Dodd-Frank Act rules on community and midsize banks. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
On an argument that the Federal Deposit Insurance Corp. uses a flawed methodology in setting rate caps for certain banks:

"Very much looking forward to the FDIC's promised overall review of its brokered deposit rules and policies. They are woefully out of date. This will give us the opportunity to respond, with specifics, as to how and why those policies are out of sync with the way that customers want to interact with their banks today."

Related: FDIC’s rate caps threaten efforts to serve the underbanked
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Funding
DOC RABE Media - Fotolia
On an argument that the FDIC should be cautious in its efforts to reform brokered deposit rules:

"This is a great discussion, and thanks Bill for kicking it off. But maybe there is a middle ground here? It’s not a black/white issue as in no brokered deposits vs let’s go crazy with them. Banks need the flexibility to use brokered funds to make good loans. The industry’s arguments for a change in the FDIC’s rate caps makes a lot of sense to me."

Related: A cautionary tale on brokered deposits
Freddie Mac signage is displayed at the Neighborhood Assistance Corp. of America's "Save-the-Dream Tour" at the Los Angeles Sports Arena in 2011.
On an argument that regulators should put lending guarantee programs at the Federal Housing Agency, the Department of Veterans Affairs and others under the control of Fannie Mae and Freddie Mac:

"This is exactly the opposite shift from what the White House released last June. The proposed changes included ending the conservatorship of Fannie Mae and Freddie Mac, reducing their role in the housing market, and providing an explicit, limited Federal backstop that is on-budget and apart from the Federal support for low- and moderate-income homebuyers."

Related: Fannie, Freddie could fix what ails VA, FHA lending
Joseph Otting
Joseph Otting, comptroller of the U.S. currency, speaks after being sworn-in during a ceremony at the U.S. Treasury in Washington, D.C., U.S., on Monday, Nov. 27, 2017. Otting, a former OneWest Bank Group chief executive officer, won Senate approval this month to lead a key U.S. bank regulator, further clearing the way for the Trump administration to roll back Wall Street regulations. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
On Maria Vullo, head of the New York Department of Financial Services, calling Comptroller of the Currency Joseph Otting's plan for overseeing foreign banks "light supervision and enforcement":

"Looking for where Comptroller Otting promised 'light supervision.' Efficient supervision (which is good and desirable) does not mean light. I like to get my car serviced where the work is done efficiently and well, and those two can often go together."

Related: Otting touts OCC to foreign banks seeking U.S. presence
Wells Fargo branch
A customer exits a Wells Fargo & Co. bank branch in Los Angeles, California, U.S., on Thursday, April 19, 2018. Wells Fargo & Co.'s financial ties to gunmakers and the National Rifle Association have prompted the American Federation of Teachers to remove the bank from its list of recommended mortgage lenders. Photographer: Patrick T. Fallon/Bloomberg
Patrick T. Fallon/Bloomberg
On an argument that regulators should relieve Wells Fargo's board and its top 100 managers to inspire real change at the bank amid ongoing problems:

"Why stop at the top 100 managers? What about the top 500 or 1,000 managers? Wells has over 260,000 employees. And if you're a manager of a WF business unit that wasn't involved in any bad behavior, well, rotten luck."

Related: Time to clean house at Wells Fargo
Victoria Finkle
BankThink Editor , American Banker
Financial regulations Deposits Consumer banking Policymaking Corporate governance FDIC OCC Wells Fargo
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