Banking
Top stories summarized by our editors
11/20/2017

Tax proposals working their way through Congress include numerous features seen as likely to increase college costs. The House version of the tax bill includes higher education funding cuts, and the Senate version includes provisions that could affect financial aid.

11/20/2017

Rick Kahler, a financial planner and proponent of financial therapy, urges advisers to combine planning with behavioral science to help clients understand why they make certain financial decisions and how to improve them. He says 90% of financial decisions are grounded in emotion.

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Rick Kahler
11/20/2017

If you're enduring a personal crisis, consider whether it may be best to delegate some responsibilities or to take time off, writes Amy Gallo. Decide for yourself how many details of the situation to share with colleagues.

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Amy Gallo
11/20/2017

Outgoing Consumer Financial Protection Bureau Director Richard Cordray leaves a "legacy of bureaucratic overreach and political bias," writes Dennis Shaul, CEO of the Community Financial Services Association of America. A lesson to be learned is that Congress should never create an agency with a single director, writes Shaul, who was an aide to former Rep. Barney Frank, D-Mass.

11/20/2017

Congress and President Donald Trump need to continue overturning Consumer Financial Protection Bureau rules, including a recent one on small-dollar lending, writes Rick Manning, president of Americans for Limited Government. Manning urges use of the Congressional Review Act to undo some of the regulations made under CFPB Director Richard Cordray, who is stepping down.

11/20/2017

Utah's Zions Bancorp plans to ask the Financial Stability Oversight Council to be removed from a list of systemically important banks. Heightened regulation of the bank, which has about $65 billion in assets, has impeded growth and the ability to serve customers, CEO Harris Simmons says.

11/20/2017

Joseph Otting is being sworn in today as comptroller of the currency, ending the tenure of interim head Keith Noreika, who cites opposition to the Consumer Financial Protection Bureau's arbitration rule as one of his proudest moments. Noreika says he might consider another public service job in the future.

11/17/2017

Recent surveys indicate a preference among millennials to make long-term investments in real estate rather than in vehicles such as stocks and bonds. Wealth-management analyst Elizabeth Sohmer, however, points out that real estate investments generally provide lower returns than the Standard & Poor's 500 index, except in times of extreme stock market volatility.

11/17/2017

Senior citizens in the US have poorer health and more financial worries than their counterparts in 10 other wealthy Western countries, a Commonwealth Fund survey finds. Study author Robin Osborn says the situation is likely to worsen as a result of rising health care costs.

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Commonwealth Fund
11/17/2017

Legislators have had limited success repealing Obama-era financial regulations, but the Trump administration's leadership picks for key agencies can make a difference in how rules are implemented and enforced, writes Jesse Hamilton. The Volcker rule and capital requirements are at the top of the list for review, Hamilton notes.

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Jesse Hamilton