At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

Breaking News

The Supreme Court gave borrowers the path to file a rescission notice without going to court, but experts expect more banks to initiate legal proceedings to stop rescissions they see as frivolous.

In a new detailed report, the Federal Reserve laid out four options for upgrading the creaky U.S. payment system. It raised questions about how far the Fed can, and should, go to bring about change.

The focus on raising the $50 billion-asset threshold determining which banks face the toughest provisions is highlighting interest in letting more community banks enjoy exemptions written into the law.
Comments (1)

Early signs point to a wave of Federal Housing Administration borrowers trying to tap into lower prices for mortgage backing.

Regulators have come to view macroprudential regulations as the guiding light of financial policy. But whether that strategy is working is open to debate.
Comments (2)

Hearing arguments in Texas case, Justice Scalia and others were skeptical that the controversial legal theory used in fair housing cases should be invalidated.

The Financial Stability Oversight Council said its process of reviewing large nonbanks should include earlier engagement with companies and more public disclosure, among other changes.
Comments (1)

The president used his annual speech before Congress to defend Dodd-Frank while pleading that lawmakers pass cybersecurity legislation.
Comments (2)

The industry is breathing a little easier now that the Supreme Court declined to hear a case that merchants hoped would lead to even lower debit interchange fees.

Industry officials insist the Federal Reserve's extension of a key compliance deadline was meant to aid the implementation process, but critics say it could lead to another effort on Capitol Hill to roll back key chunks of the controversial regulation.

See all Bank Regulation, Washington Bank Reform News

Already a subscriber? Log in here
Please note you must now log in with your email address and password.