WASHINGTON Good bank supervision is the best wait to limit risks to the financial system, but monetary policy can be used to promote stability in rare instances, Federal Reserve Gov. Jeremy Stein said Wednesday.
The Obama administration is urging activists like the National Council of La Raza to support legislation to overhaul the housing finance market, ahead of a Senate Banking Committee vote scheduled for late April.
U.S. banks today are safer, sounder, more secure, transparent, accountable and are performing their critical roles in the global economy.
A survey by the Mortgage Bankers Association points to a solid increase in March new home sales after a slow start to the spring selling season.
WASHINGTON Federal Reserve Board Chair Janet Yellen said Tuesday that the largest banks need to face higher capital requirements to stem potential risks to the financial system.
The Senate Banking Committee is scheduled to vote on its bill to overhaul the mortgage finance market on April 29, but questions are now being raised about whether that date will slip, as supporters struggle to secure additional votes.
Comptroller of the Currency Thomas Curry sought to reassure community bankers this week that the agency does not expect them to comply with its "heightened expectations" proposal aimed at bolstering risk management and improving governance at the biggest banks.
A top House Financial Services Committee lawmaker said Thursday that he will subpoena Consumer Financial Protection Bureau officials if they again refuse to testify about allegations of employee discrimination and retaliation.
A bipartisan group of senators announced a deal Thursday to reauthorize and extend the country's terrorism risk insurance program, to be taken up by the Banking Committee in coming weeks.
A study released by the Federal Deposit Insurance Corp. says statistical trends suggest that community banks have been resilient and will remain relevant, despite the rapid decline in charters.
Regulators slammed Bank of America on Wednesday with their toughest enforcement action to date on shady marketing and billing practices for add-on products like identity protection, forcing it to pay $772 million in restitution and fines. But Consumer Financial Protection Bureau officials indicated more actions are on their way.
There's drama to come as regulators finalize a proposal requiring banks to self-assess their track records on diversity.
On its surface, the initial plan for a central bank looked like a fair deal for a country as geographically spread out as the United States. What did not receive publicity was the way in which it was structured to provide an easy supply of money to the nation's biggest banks.
The Consumer Financial Protection Bureau Monday announced a partnership with libraries and other federal regulators to provide librarians with unbiased financial literacy education materials.
A new book from Nomi Prins illustrates how the Wall Street-Washington symbiosis the subject of much debate in the wake of the recent financial crisis has existed for over a century.