Regional banks call for slow phase-in of tighter regulations

Regional banks, bracing for stricter rules, call for phased-in approach : Banks with more than $100 billion of assets expect tougher regulations in the wake of last month's bank failures. They say that any changes to capital and liquidity standards should happen gradually in order to avoid spooking investors.

Sign up here ?to receive American Banker's complete Daily Briefing newsletter — delivered to your inbox every morning.

Lawmakers fret SBA may be flirting with looser underwriting : Rep. Roger Williams, chairman of the House Small Business Committee, claimed at a recent hearing that the U.S. Small Business Administration is considering allowing borrowers to self-certify eligibility for loans, a step some believe could lead to more fraud.

FSOC isn't reining in nonbanks anytime soon : The banking industry and consumer advocates praised the Financial Stability Oversight Council's move to reinvigorate its authority to regulate nonbanks. But that effort is going to take time and is guaranteed to face political headwinds.

Read more in regulation: Four federal agencies cite dangers in AI systems' ability to discriminate

'A moment of opportunity': BankUnited capitalizes on crisis : CEO Rajinder Singh said battered competitors are "throwing off" both talent and customers, creating a chance for the Miami Lakes, Florida-based BankUnited to pick up new business.

CUNA Mutual Group fires union leader amid tense negotiations : Joe Evica, who has been employed with the Wisconsin-based insurance firm CUNA Mutual Group since March 2019, was terminated on April 4 for allegedly violating company policies.