Pete Schroeder
@peteschroeder.bsky.social
Finreg reporter 🤑. Reuters. Washington. Prior stints at The Hill, WSJ. Notre Dame. Available on Signal: peteschroeder.39
March 2025. Good a time as any to relitigate the root causes of the global financial crisis.
March 27, 2025 at 2:48 PM
March 2025. Good a time as any to relitigate the root causes of the global financial crisis.
Very interesting to Bessent lead his remarks today in bank rules, as finreg hasn’t exactly been a top priority in this administration. Also notable he throws cold water on the idea of consolidating the bank regulators.
March 6, 2025 at 5:36 PM
Very interesting to Bessent lead his remarks today in bank rules, as finreg hasn’t exactly been a top priority in this administration. Also notable he throws cold water on the idea of consolidating the bank regulators.
Interesting. Michael Barr just said he won’t even serve on the Fed’s internal bank supervision and regulation committee after he steps down as vice chair for supervision at the end of the month. Totally out of the bank reg game but remaining a Fed governor.
February 20, 2025 at 8:31 PM
Interesting. Michael Barr just said he won’t even serve on the Fed’s internal bank supervision and regulation committee after he steps down as vice chair for supervision at the end of the month. Totally out of the bank reg game but remaining a Fed governor.
Busy times. Signal in bio. Always happy to chat.
February 3, 2025 at 4:09 PM
Busy times. Signal in bio. Always happy to chat.
Hill meets Hill in high-stakes Hill meeting.
January 22, 2025 at 9:58 PM
Hill meets Hill in high-stakes Hill meeting.
Sigh, have a feeling this is gonna get old.
January 22, 2025 at 9:37 PM
Sigh, have a feeling this is gonna get old.
Our story on Barr consulting lawyers ahead of a potential Trump fight: www.reuters.com/world/us/fed...
December 20, 2024 at 9:44 PM
Our story on Barr consulting lawyers ahead of a potential Trump fight: www.reuters.com/world/us/fed...
Scoop: Fed Vice Chair for Supervision Michael Barr has been in talks with outside lawyers regarding his options should President-elect Donald Trump attempt to remove him from his post: sources
December 20, 2024 at 9:04 PM
Scoop: Fed Vice Chair for Supervision Michael Barr has been in talks with outside lawyers regarding his options should President-elect Donald Trump attempt to remove him from his post: sources
Actually not noteworthy, because the figures actually show the assets at "problem banks" rose BY $3 billion to $87 billion (from $84 billion). Perils of handing an English major a document with a bunch of numbers in it.
Potentially noteworthy -- the FDIC said in its latest report on quarterly bank profits that two banks were added to its "problem bank" list (reserved for banks with particularly low supervisory scores), and the total assets at said banks jumped from $3 billion to $87 billion.
December 12, 2024 at 6:44 PM
Actually not noteworthy, because the figures actually show the assets at "problem banks" rose BY $3 billion to $87 billion (from $84 billion). Perils of handing an English major a document with a bunch of numbers in it.
Potentially noteworthy -- the FDIC said in its latest report on quarterly bank profits that two banks were added to its "problem bank" list (reserved for banks with particularly low supervisory scores), and the total assets at said banks jumped from $3 billion to $87 billion.
December 12, 2024 at 3:34 PM
Potentially noteworthy -- the FDIC said in its latest report on quarterly bank profits that two banks were added to its "problem bank" list (reserved for banks with particularly low supervisory scores), and the total assets at said banks jumped from $3 billion to $87 billion.
New: The CFPB continues work on rulewriting in the final weeks of the Biden administration, eyeing new rules removing medical debt from credit reports and new restrictions on data brokers. Stands in contrast to other bank regulators who are pencils down:
www.reuters.com/markets/us/u...
www.reuters.com/markets/us/u...
Exclusive: US consumer finance watchdog moves on new rules ahead of Trump takeover
The U.S. consumer finance watchdog is moving ahead with rulemaking in the final weeks of Joe Biden's Democratic administration, in a bid to advance consumer protections before President-elect Trump overhauls the agency, said three people familiar with the agency's thinking.
www.reuters.com
November 27, 2024 at 6:08 PM
New: The CFPB continues work on rulewriting in the final weeks of the Biden administration, eyeing new rules removing medical debt from credit reports and new restrictions on data brokers. Stands in contrast to other bank regulators who are pencils down:
www.reuters.com/markets/us/u...
www.reuters.com/markets/us/u...
With Elon Musk calling for the deletion of the CFPB over on X, I checked and there were, in fact, two bills introduced in this Congress to eliminate the agency. They both went nowhere and garnered single-digit cosponsors:
www.congress.gov/bill/118th-c...
www.congress.gov/bill/118th-c...
www.congress.gov/bill/118th-c...
www.congress.gov/bill/118th-c...
www.congress.gov
November 27, 2024 at 6:03 PM
With Elon Musk calling for the deletion of the CFPB over on X, I checked and there were, in fact, two bills introduced in this Congress to eliminate the agency. They both went nowhere and garnered single-digit cosponsors:
www.congress.gov/bill/118th-c...
www.congress.gov/bill/118th-c...
www.congress.gov/bill/118th-c...
www.congress.gov/bill/118th-c...
Just flagging that Fed Governor Michelle Bowman, who has been floated for potential Trump regulatory posts, gave a speech on "pragmatic" policymaking yesterday...in West Palm Beach (home to Mar-a-Lago): www.federalreserve.gov/newsevents/s...
Speech by Governor Bowman on approaching policymaking pragmatically
Good afternoon. 1 It is a pleasure to join you for today's meeting of the Forum Club of the Palm Beaches. It is truly humbling for me to be invited to spe
www.federalreserve.gov
November 21, 2024 at 9:13 PM
Just flagging that Fed Governor Michelle Bowman, who has been floated for potential Trump regulatory posts, gave a speech on "pragmatic" policymaking yesterday...in West Palm Beach (home to Mar-a-Lago): www.federalreserve.gov/newsevents/s...
One main regs takeaway from today's hearing is none of the regulators appear to be entertaining big notions of rushing stuff out the door before the Trump admin takes power.
November 20, 2024 at 4:39 PM
One main regs takeaway from today's hearing is none of the regulators appear to be entertaining big notions of rushing stuff out the door before the Trump admin takes power.
The House Financial Services Committee has pretty quickly gone off the rails. Rep. Meeks chastising Republicans for criticizing Gruenberg for FDIC issues, while being silent on issues around Trump, Gaetz, etc.
November 20, 2024 at 4:36 PM
The House Financial Services Committee has pretty quickly gone off the rails. Rep. Meeks chastising Republicans for criticizing Gruenberg for FDIC issues, while being silent on issues around Trump, Gaetz, etc.
Rep. Maxine Waters is opening today's hearing with the bank regulators by harshly criticizing...Matt Gaetz.
November 20, 2024 at 3:14 PM
Rep. Maxine Waters is opening today's hearing with the bank regulators by harshly criticizing...Matt Gaetz.
HFSC Chairman Patrick McHenry opens the hearing by declaring FDIC Chairman Gruenberg's recently announced plans to retire in January as "too little, too late."
November 20, 2024 at 3:12 PM
HFSC Chairman Patrick McHenry opens the hearing by declaring FDIC Chairman Gruenberg's recently announced plans to retire in January as "too little, too late."
Morning, Bluesky. We've got the bank regulators testifying before House Financial Services in what is sure to be a very normal and chill hearing.
Meanwhile, Elizabeth Warren is throwing brushback pitches at the Fed over the Wells Fargo asset cap: www.reuters.com/business/fin...
Meanwhile, Elizabeth Warren is throwing brushback pitches at the Fed over the Wells Fargo asset cap: www.reuters.com/business/fin...
Senator Warren urges Fed to keep Wells Fargo asset cap
The Federal Reserve must not remove Wells Fargo's $1.95 trillion asset cap until the bank has fixed its risk management and compliance issues, top Democratic Senator Elizabeth Warren told the U.S. central bank on Wednesday.
www.reuters.com
November 20, 2024 at 3:10 PM
Morning, Bluesky. We've got the bank regulators testifying before House Financial Services in what is sure to be a very normal and chill hearing.
Meanwhile, Elizabeth Warren is throwing brushback pitches at the Fed over the Wells Fargo asset cap: www.reuters.com/business/fin...
Meanwhile, Elizabeth Warren is throwing brushback pitches at the Fed over the Wells Fargo asset cap: www.reuters.com/business/fin...
1/ With it now official that Elizabeth Warren is going to be the top Democrat on Senate Banking (her statement attached), a few thoughts on why that’s significant and what it could mean for the banking industry she has made a career out of blasting.
November 13, 2024 at 1:53 PM
1/ With it now official that Elizabeth Warren is going to be the top Democrat on Senate Banking (her statement attached), a few thoughts on why that’s significant and what it could mean for the banking industry she has made a career out of blasting.
Shoutout to the last time there was a government panel devoted to finding efficiencies in the federal government: thehill.com/homenews/hou...
Supercommittee II? Lawmakers ‘pray to God’ they won’t have to serve
“I pray to God every day that I will never be put on another supercommittee,” Rep. Dave Camp (R-Mich.) said.
thehill.com
November 13, 2024 at 1:18 AM
Shoutout to the last time there was a government panel devoted to finding efficiencies in the federal government: thehill.com/homenews/hou...
Tired: Banks are reluctant to sue their regulators due to concerns it could complicate the supervisory dynamic.
Wired:
Wired:
November 12, 2024 at 11:34 AM
Tired: Banks are reluctant to sue their regulators due to concerns it could complicate the supervisory dynamic.
Wired:
Wired:
Our latest: Wall Street players and lobbyists are already drawing up wish lists for lighter rules from the second Trump administration, as the transition solicits input:
www.reuters.com/markets/us/w...
www.reuters.com/markets/us/w...
Wall Street drafts Trump wish lists over bank capital, SEC regulation
The banking and finance industries are rapidly drawing up wish lists for lighter regulation under President Donald Trump's incoming administration as Wall Street sees a window of opportunity to influence policy.
www.reuters.com
November 8, 2024 at 7:40 PM
Our latest: Wall Street players and lobbyists are already drawing up wish lists for lighter rules from the second Trump administration, as the transition solicits input:
www.reuters.com/markets/us/w...
www.reuters.com/markets/us/w...
Some early tea leaves on who is in the mix for the Trump finreg team — lots of familiar names from the first go, and by all accounts this transition running much faster than 2016: www.reuters.com/business/fin...
Robinhood attorney, Republican regulators being considered for Trump financial agency short list
Trump transition team officials are considering retail brokerage Robinhood's top lawyer, as well as bank regulators and corporate attorneys, for a short list of key financial agency heads they expect to present to the president-elect soon, according to multiple people with knowledge of the matter.
www.reuters.com
November 8, 2024 at 2:09 PM
Some early tea leaves on who is in the mix for the Trump finreg team — lots of familiar names from the first go, and by all accounts this transition running much faster than 2016: www.reuters.com/business/fin...
October 18, 2023 at 12:08 AM
Michael Barr makes his first comments on bank reg since Basel proposal released (at ABA, no less). Upshot is basically, “We hear your gripes, but still think this is worthwhile.”
www.federalreserve.gov/newsevents/s...
www.federalreserve.gov/newsevents/s...
October 9, 2023 at 1:18 PM
Michael Barr makes his first comments on bank reg since Basel proposal released (at ABA, no less). Upshot is basically, “We hear your gripes, but still think this is worthwhile.”
www.federalreserve.gov/newsevents/s...
www.federalreserve.gov/newsevents/s...