A top enforcer for the SEC says the agency is worried that banks are concealing asset risk while also discussing his strategy for uncovering wrongdoing by banks and other firms.

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The risk retention rule unveiled Tuesday was hailed by the industry for its definition of a "qualified residential mortgage," but analysts say a comeback for private-label securitization still faces huge obstacles.

Regulators are finally ready to unveil a final risk retention rule, but whether the new regulation provides enough certainty to jumpstart the securitization market is an open question.

The GSE regulator's second attempt to stimulate the mortgage market is receiving a lukewarm reception from lenders, who remain gun-shy after being forced by Fannie and Freddie to repurchase billions of dollars in soured loans since 2008.

Concerns still remain among community bankers that examiners could push individual community banks to undergo stress tests, even if the agencies refuse to make it mandatory.

An executive order signed by President Obama on Friday that mandated the adoption of chip and PIN technology in government cards and enabled its use in facilities like Post Offices smacks of politics over substance, analysts said.
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The student lending industry argues that the problems the CFPB is finding in the market are more related to federal loans than private ones and disagree with the agency's push to allow student loans to be charged off in bankruptcy.
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A principles document on corporate governance from the international Basel Committee is another sign of supervisors' mounting interest in how management culture affects business decisions.

Although Congress may soon tackle whether to raise the $50 billion "systemic" threshold for banks, First Republic CEO James Herbert says the bank must still invest heavily in hiring the necessary staff to help it deal with the additional regulation from such a designation.

Assistant Treasury Secretary Daniel Glaser says his department is working with the federal banking agencies to ease banks' fears about serving foreign remittance providers.

The Consumer Financial Protection Bureau is urging policymakers to reconsider how student loan debt is treated under the bankruptcy code.
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