Law and regulation

Johnson Expected to Reveal 2014 Intentions Next Week

By Victoria Finkle March 22, 2013, 4:33 p.m. EDT 1 Min Read

Law and regulation

Senate Banking Panel Could Take Second Look at Dodd-Frank

After a relative lull the past two years, the Senate Banking Committee may be poised to advance a corrections bill to the Dodd-Frank reform law next year, and begin work on other issues like mortgage finance reform.

By Victoria Finkle

November 25

WASHINGTON — Sen. Tim Johnson, chairman of the Senate Banking Committee, has said he will announce a decision about whether to run for office again in 2014 sometime next week.

Johnson said last week that he hadn't yet made up his mind about running, according to the Rapid City Journal. Observers have speculated that Johnson's retirement could pave the way for his son Brendan Johnson, South Dakota's U.S. attorney, to run for the seat.

The South Dakota Democrat, who suffered a stroke in 2006, would be running for a fourth term. He's served as chairman of the banking panel since 2011, staunchly defending the Dodd-Frank reform law named after his predecessor Sen. Chris Dodd, D-Conn. Next in line for the banking chairmanship is Sen. Jack Reed, D-R.I.

A spokesman for the Banking Committee declined to comment until Johnson's decision is made public.

Victoria Finkle

BankThink Editor , American Banker

For reprint and licensing requests for this article, click here.

Law and regulation

MORE FROM AMERICAN BANKER

Economy

The economy is looking good for banks in 2025 — but watch out for 2026

Economists say the U.S. economy is leaving 2024 healthy, with unemployment low, inflation manageable and growth robust. Unknown variables — including the depth and scope of President-elect Donald Trump's immigration and tariff policies — could change that course, but likely not until 2026.

By John Heltman

2h ago
M&A

Banner year for CU-bank tie-ups extends with deal in Maryland

Hanscom Federal Credit Union in Massachusetts said it would acquire Peoples Bancorp and its insurance agency. It marked the 21st deal of the year involving a credit union buying a bank.

By Jim Dobbs

December 20
OCC

OCC highlights growing pressures in 'sound' banking system

The OCC's 2024 annual report said that while the federal banking system remains stable, it faces challenges such as rising credit costs, declining net income and increasing nonperforming loans.

By Ebrima Santos Sanneh

December 20
Industry News

BNY expands employee benefits, boosts minimum wage to $25 per hour

BNY announced expanded employee benefits and a boost in its minimum wage for all U.S.-based employees; Synovus has added former FIS executive Greg Montana to its executive board; National Bank Holdings sold off a fifth of its securities portfolio; and more in this week's banking news roundup.

By Editorial Staff

December 20
Payments

Technology, fees and a mega-merger: top payments news of 2024

The Capital One-Discover merger, the war against Visa and Mastercards' swipe fees and budding payment technologies were most popular with American Banker readers in 2024.

By Editorial Staff

December 20
Social media

Banks fleeing X may soon turn to Bluesky

Financial institutions that build a presence on the social media platform could gain a first-mover advantage and a communications channel with potential customers, experts say.

By Keith Button

December 20