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Cowen Hails Year of Progress for Bank Rules and Fannie Mae

Dec. 31, 2019, 1:17 PM

This year has been one of “extraordinary progress at the regulatory level” for regional and community banks, according to Cowen.

Federal banking agencies in 2019 delivered “material regulatory relief,” including to the biggest regional banks, Cowen’s Jaret Seiberg wrote in a note on the year’s dominant policy issues.

In October, the Federal Reserve relaxed burdens for all but the giant Wall Street lenders in the most sweeping revamp of U.S. banking rules undertaken by watchdogs appointed by President Donald Trump. The administration also unveiled an overhaul that was meant to ease banks’ worries about getting penalized for mortgage-lending errors....

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