Kate Davidson is a reporter in American Banker's Washington bureau, where she covers the Treasury Department, Consumer Financial Protection Bureau and Office of the Comptroller of the Currency. She previously wrote about community banks in the Northeast and Mid-Atlantic. Before joining American Banker, Kate covered the House Financial Services Committee and Senate Banking Committee for Congressional Quarterly. She began her career in New Hampshire, where she covered the 2008 presidential primaries and business news for the Concord Monitor in Concord, N.H.
The Consumer Financial Protection Bureau and Federal Housing Finance Agency said Thursday they are teaming up to create a first-of-its-kind mega-database of mortgages to track market trends and support policymaking research.
Bureaus first issue of Supervisory Highlights identifies issues with credit limits and inadequate mortgage disclosures as some of the violations found in first year of exams carried out by the new agency.
Treasury Secretary Tim Geithner convened a meeting of the Financial Stability Oversight Council by telephone Monday afternoon to discuss the potential impact of Hurricane Sandy on infrastructure and financial markets.