Will the Basel III capital reform proposal survive?

Walls are closing in on the Basel capital reforms: In official comments on bank regulators' Basel III endgame capital proposal, concerns are being raised by a wide array of stakeholders — including civil rights advocates and consumer advocacy groups — suggesting major amendments or re-proposal may be necessary for the rule to cross the finish line.

Read more on bank capital rules: Bowman, Fed's chief Basel skeptic, 'cautiously optimistic' about reaching a compromise

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Conservative judges look to weaken federal agency power in 'Chevron' cases: At least four conservative judges on the Supreme Court, a formidable group at the oral argument stage, appear ready to overturn 'Chevron' deference, which could have massive consequences for bank policy.

CFPB proposes setting maximum overdraft fees at $14 for largest banks: The Consumer Financial Protection Bureau plans to release a proposal that would set maximum overdraft fees at $14 for the largest banks in an overhaul of how overdraft fees are calculated and charged.

Read more on regulation: Fed extends living will deadline for Capital One, Truist, other banks

HomeStreet to sell itself after tough year: Seattle-based HomeStreet Bank 's stock price fell in 2023 amid concerns over rising interest rates and its concentration of multifamily loans. The buyer is FirstSun Capital Bancorp, which raised $175 million as part of the deal.

Read more in M&A: Fresh off one merger deal, Indiana credit union Centra unveils another

What Visa's Web3 loyalty tool means for cash-back rewards: As merchants push the government for relief from funding consumer card perks, the card network is exploring how to replace cash with digital incentives. (Complimentary access)

Are you an innovator in the banking or fintech space, or do you know someone who is? American Banker has begun accepting nominations for our 2024 Innovators of the Year award. Click here to learn?how to apply ?on your own behalf or on someone else’s. Winners will be honored at the?Digital Banking Conference , June 24-25 in Boca Raton.