Banks Aced the Stress Tests, but Uncertainty Looms as Fed Ponders Changes

Also, Scott touts spending bill's CFPB budget cap; new president at American Financial Services Association

The stress test results were good news for the biggest banks, which came through the simulated “severely adverse scenario” with significant capital left over to return to shareholders. But there’s a lot more at stake than today’s headlines about increased dividends and share buybacks indicate. After all, the Fed is in the midst of a major revamp of the …