Six Must-Read Reg and Reform Stories
Here's what you need to know about Tim Pawlenty, the new leader of the Financial Services Roundtable: he's nice, normal, self-deprecating and ready to emerge as an influential voice on industry issues. (Image: Bloomberg News)
HUD Secretary Shaun Donovan was in the hot seat last week as he faced skeptical questions from senators on both sides of the political aisle about the future of the Federal Housing Administration. An independent audit conducted last month found the mortgage insurer was almost broke. (Image: Bloomberg News)
A pending proposal by the Federal Reserve Board to overhaul the way U.S. regulators supervise foreign bank operations is raising questions and sparking concern among industry players who fear it may go too far. (Image: Bloomberg News)
Chicago will become the first city to directly report financial activity and fraud to the Consumer Financial Protection Bureau. But the CFPB is hoping other cities will soon follow suit. The CFPB also cut a deal with the Department of Justice to collaborate on enforcing fair lending laws to avoid duplicating efforts. (Image: Bloomberg News)
Banks were once again able to notch higher loan balances in the third quarter but as in many past quarters they largely made their money doing other things.
The fate of the Transaction Account Guarantee remains in doubt as community banks battle megabanks, a credit union trade group and money market funds over its extension. A vote in the Senate is expected this week. (Image: ThinkStock)
As policymakers negotiate to avoid the fiscal cliff, bank lobbyists are fighting to extend TAG, the Obama administration is facing a nearly defunct FHA, and Chicago will become the first city in the country to directly report information to the CFPB. These stories are more are must-reads from last week:
National/Regional'Stumpf Is Lucky': Comments of the Week
Law & RegulationEight Times Stumpf Was Hammered by Senators
Law & Regulation'Pantheon of Weasels': Comments of the Week
National/Regional'That's a Good Thing, Isn't It?': Comments of the Week
Law & Regulation'It's Always Something': Comments of the Week
Law & RegulationWho to Watch as Regulators Size Up Online Lending
Law & Regulation'GSEs Were an Accident Waiting to Happen': Comments of the Week
Bank Technology7 Faster Payments Projects in the U.S.