Christopher Delporte

Washington, D.C., United States

Editorial Director at American Bankers Association

Featured in: Favicon

aba.com (+1) Favicon

informa.com Favicon

medtech.pharmaintelligence.informa.com

Articles

Senate confirms USDA deputy secretary

2 weeks ago | bankingjournal.aba.com | Christopher Delporte

Stephen Vaden, who served as general counsel to the USDA and received an appointment from the president in 2020 to serve on the U.S. Court of International Trade, is now the deputy secretary of the USDA. The Senate confirmed Vaden on June 10 by a vote of 51 to 44 with five senators not voting. He was nominated in December 2024. Not a stranger to farming, Vaden grew up in Union City, Tennessee, and helped on his family’s farm.
ABA’s Nichols: Banking sector seeing positive policy developments

2 weeks ago | bankingjournal.aba.com | Christopher Delporte

The banking sector has seen many constructive, positive policy developments at the federal level so far this year, and top officials have expressed their willingness to work with and engage with bankers on those issues, American Bankers Association President and CEO Rob Nichols said today at ABA’s Risk and Compliance Conference in Indianapolis. “The fact is, the new administration wants to work with us to allow banks to better serve their customers, clients and communities, and we welcome that.
N.Y. Fed: Consumer expectations about household finance improves slightly

2 weeks ago | bankingjournal.aba.com | Christopher Delporte

Households’ inflation expectations declined in the short, medium and long term, according to the Federal Reserve Bank of New York’s most recent Survey of Consumer Expectations. Consumer debt delinquency expectations and expectations about households’ financial situation improved slightly, survey results showed. Median inflation expectations decreased at all three horizons according to the May survey.
CFPB plans to initiate new 1071 rulemaking 'as expeditiously as reasonably possible'

1 month ago | bankingjournal.aba.com | Christopher Delporte

Section 1071 litigationRevenue Based Finance Coalition v. Consumer Financial Protection BureauDate: April 3, 2025Issue: The Consumer Financial Protection Bureau (CFPB)’s plan to initiate new rulemaking for its final rule implementing Section 1071 of the Dodd-Frank Act.
D.C. Circuit panel modifies its partial stay, bars CFPB mass layoffs

1 month ago | bankingjournal.aba.com | Christopher Delporte

CFPB funding and operationNational Treasury Employees Union v. Russell VoughtDate: April 28, 2025. Issue: Whether CFPB violated the preliminary injunction preventing the Bureau from defunding itself by firing 1,483 employees. Case Summary: In a 2-1 decision, a D.C. Circuit panel modified its partial stay of district court Judge Amy Berman Jackson’s preliminary injunction by removing CFPB’s ability to engage in any reduction in force (RIF). On Feb.
ABA files coalition amicus brief arguing FDIC’s in-house proceeding violate Jarkesy

Feb 3, 2025 | bankingjournal.aba.com | Christopher Delporte

FDIC in-house proceedingsBurgess v. Federal Deposit Insurance CorporationDate: Jan. 22, 2025Issue: Whether the Federal Deposit Insurance Corporation (FDIC) civil enforcement proceedings violate the Seventh Amendment’s constitutional right to a jury trial.
Fidelity agrees to pay $600K to resolve FINRA’s allegations over ex-employees alleged theft

Feb 3, 2025 | bankingjournal.aba.com | Christopher Delporte

Fidelity settlementIn Re: Fidelity Brokerage Services LLCDate: Jan. 8, 2025Issue: Fidelity Brokerage Services LLC’s consent order with the Financial Industry Regulatory Authority (FINRA) related to an ex-employee’s alleged theft. Case Summary: Fidelity Brokerage Services LLC agreed to pay $600,000 to settle allegations that it lacked an adequate supervisory system from 2012 to 2020, which allowed a former employee to steal $750,000 from customer accounts.
Riding the wealth transfer wave

Jan 27, 2025 | bankingjournal.aba.com | Christopher Delporte

By Christopher DelporteGilded Age industrialist and philanthropist John D. Rockefeller said: “The only question with wealth is, what do you do with it?” It’s a question that has stood the test of time, but the answer certainly has evolved. TOOLKIT > Register now for the ABA Wealth Management and Trust Conference, February 24-26 in San Diego. More information available at aba.com/WMTC.
Spreading out the asset risk

Sep 23, 2024 | bankingjournal.aba.com | Christopher Delporte

By Christopher DelporteA fintech startup has created what it claims is the first online bank-to-bank marketplace designed to help financial institutions mitigate asset risk. The goal of the Miami-based firm — Capstack Technologies — is to create a national platform to sell or buy loans and deposits, giving small and regional banks access to national resources, helping them to mitigate asset risk related to being tied to local and regional resources.
OCC proposes standards for large-bank recovery planning

Jul 3, 2024 | bankingjournal.aba.com | Christopher Delporte

The OCC last week proposed revising its guidelines establishing standards for recovery planning by certain large insured national banks, federal savings associations, and federal branches. The OCC said the proposal would not apply to supervised institutions with less than $100 billion in average total consolidated assets. Comments are due Aug. 2.