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Though regulators have been vague about what kinds of national servicing standards they hope Congress will enact next year, momentum appears to be growing behind the concept.
December 10 -
Bank of America will pay $137.3 million in restitution to settle charges it engaged in anti-competitive activity in the municipal bond market from 1998 to 2003 under a deal ...
December 7 -
The Financial Crimes Enforcement Network issued a proposal Monday that would subject nonbank mortgage lenders to Bank Secrecy Act requirements.
December 6 -
WASHINGTON — The thrift industry reported a slight profit for the third quarter, $1.77 billion, but troubled loans continued to increase, the Office of Thrift Supervision said Friday.
December 3 -
As regulators try to collaborate on new securitization rules, a fissure has emerged in bankers' own thinking on the subject.
December 2 -
WASHINGTON — In its second meeting, the Financial Stability Oversight Council issued a proposal Tuesday that would help identify which financial market utilities are systemically important.
November 23 -
The American Bankers Association is set to imminently announce that it has chosen former Oklahoma Gov. Frank Keating to succeed Edward Yingling as president and chief executive officer next year.
By Stacy Kaper and Cheyenne HopkinsNovember 23 -
In a further exodus of the Obama administration's economic team, Diana Farrell, the White House National Econmic Committee's deputy director and Michael Barr, the Treasury assistant secretary for financial institutions, said Tuesday they are resigning their posts.
November 23 -
The inclusion of one word in the Dodd-Frank law — "abusive" — is raising concerns among bankers that it will lead to a ban on certain financial products or services.
November 22 -
Despite tough talk from regulators that they are cracking down on mortgage servicers that do not follow modification guidelines, the agencies have so far done little to punish firms.
November 19 -
Despite tough talk from regulators that they are cracking down on mortgage servicers that do not follow modification guidelines, the agencies have so far done little to punish firms.
November 19 -
George Madison, the general counsel of the Treasury Department, said Thursday that the Consumer Financial Protection Bureau may go forward with proposed rules without a permanent director.
November 18 -
If the banking industry has its way, regulators would give financial institutions so many exceptions from the Volcker Rule's limits on risky activities that it might as well not exist.
November 18 -
John Bowman, the acting director of the Office of Thrift Supervision, lashed out Wednesday at the Dodd-Frank Act, arguing that it had made his agency the scapegoat for the financial crisis and could spell doom for the thrift charter.
November 17 -
The Senate Small Business and Entrepreneurship Committee will host a roundtable discussion Wednesday on small businesses' struggles to obtain credit.
November 15 -
Considered to be a deal broker and careful listener by those who have worked with him in the past, Joseph Smith won near-universal acclaim as Obama's pick to lead the FHFA.
By Donna Borak and Cheyenne HopkinsNovember 12 -
Considered to be a deal broker and careful listener by those who have worked with him in the past, Joseph Smith won near-universal acclaim as Obama's pick to lead the FHFA.
By Donna Borak and Cheyenne HopkinsNovember 12 -
President Obama's bipartisan commission on reducing the fiscal debt released a proposal on Wednesday calling for limiting the deductibility of mortgage interest payments.
November 10 -
WASHINGTON — Though the Consumer Financial Protection Bureau has jurisdiction over a wide range of financial products, Elizabeth Warren is making credit cards her top priority.
November 9 -
House Republicans, almost certain to be frustrated in trying to repeal provisions of Dodd-Frank, are likely to find success in using oversight powers to curb implementation.
November 5