Wells Fargo CFO Tim Sloan (Bloomberg News)
Wall Street banks — and the trade groups and law firms that represent them — are challenging the Federal Reserve Board's basis for restricting bank ties to physical commodities, arguing it is fundamentally flawed.

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CFPB Director Richard Cordray (Image: Rick Reinhard)
The Consumer Financial Protection Bureau unveiled a new pilot program on Wednesday designed to allow consumers the ability to electronically review and file mortgage closing documents.

Vermont AG William Sorrell
The state is asking Google, Comcast and other companies to stop running ads for companies that can't lend legally to its residents. Bankers are also being urged to be on the alert for illegal loans to their customers.

Sen. Elizabeth Warren (Bloomberg News)
Sen. Elizabeth Warren's new book details the Massachusetts lawmaker's dramatic rise from humble Oklahoma roots to bookish Harvard law professor to liberal juggernaut, and includes some behind-the-scenes insights to the formation of the CFPB and its agenda.
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Sen. Elizabeth Warren (l.) and Jon Stewart (Image: Comedy Central)
Sen. Elizabeth Warren, D-Mass., continued her crusade against Washington insiders and big banks Tuesday night, promoting her new book on The Daily Show with Jon Stewart.

The Consumer Financial Protection Bureau is expected to change how fees are defined for a key test to determine if a loan is a "qualified mortgage," according to observers.

Ralph Nader (Bloomberg News)
A powerful group of shareholders is amplifying attacks on housing finance reform legislation as they await resolution of a major legal battle, attempting to slow momentum on the bill before it likely passes the Senate Banking Committee.
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Three appeals court judges in California sided with lower court decisions that $55 million in tax-related benefits should stay with the bankruptcy estate of IndyMac's parent company.

Rohit Chopra, the CFPB's student loan ombudsman
The Consumer Financial Protection Bureau is raising concerns about a caveat in private student loan contracts that allows lenders to automatically put a borrower in default when a co-signer faces certain kinds of hardship.

Federal Reserve Board Chairman Janet Yellen (Bloomberg News)
In the old days the Fed's monetary policy and bank supervision were separate sides of the house. But its postcrisis capital rules for banks are blurring those boundaries.
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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.

See all Bank Regulation, Washington Bank Reform News

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