bank regulation

A security guard at Silicon Valley Bank monitors a line of people outside the office in Santa Clara, Calif., on March 13, 2023. The Fed admitted it was partly to blame for the collapse of the lender in a scathing report on Friday.

Economy

The Fed admits some of the blame for Silicon Valley Bank's failure in scathing report

4:35pm April 28, 2023

by Scott Horsley

The Federal Reserve says its own light-touch approach to bank regulation is partly to blame for the collapse of Silicon Valley Bank last month, and it promised more vigorous oversight in the future.

Federal Reserve Vice Chair for Supervision Michael S. Barr appears before the Senate Banking, Housing and Urban Affairs Committee in Washington, D.C., on March 28, 2023. The collapse of Silicon Valley Bank has sparked scrutiny from lawmakers who want to know what went wrong and whether regulators did enough to oversee the lender.

Economy
Politics & Government

5 things we learned from the Senate hearing on the Silicon Valley Bank collapse

4:20pm March 28, 2023

by Scott Horsley

A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse

Capital One has become the nation's largest bank to end overdraft fees for all of its customers. Federal regulators are taking a hard look at bank overdraft fees, which hit customers with lower incomes the hardest.

National
Economy

People hate overdraft fees. Banks are ditching or reducing them

1:10pm January 11, 2022

by Chris Arnold

Capital One says it will stop charging overdraft fees and Bank of America is reducing them. These hefty fees hit people with low incomes the hardest.

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