Cardinal Financial (CFNL) in Tysons Corner, Va., has merged its two banks.
Keith Pedigo, who led efforts to modernize the Department of Veterans Affairs home loan guarantee program, has joined Collingwood Group, founded by a former FHA Commissioner.
It is still unresolved how regulators will apply capital requirements to insurance companies under the Dodd-Frank regime for systemic firms, but members of Congress are urging the Federal Reserve Board to be flexible.
Former Federal Reserve Board Chairman Ben Bernanke reportedly made more in his first post-Fed speech than he did in his entire last year running the central bank.
Banks have stepped up efforts to extend the government's terrorism risk insurance program, fearing that Congress may fail to act before it is scheduled to expire at yearend.
Rep. Jared Polis, D-Colo., has launched a hilarious stunt to urge federal regulators to ban U.S. dollars, following a more serious plea by Sen. Joe Manchin, D-W.Va., to prohibit Bitcoin.
It is not right that a creditor be held liable for unintentional discrimination on the basis of less evidence than is required to prove intentional discrimination. Leveraging a settlement on threat of litigation without such evidence is an abuse of power.
Consumers were less eager to seek new mortgage loans for home purchases in the first quarter, in part due to cold weather across swaths of the country, according to a Federal Reserve report released Wednesday.
While the budget was once again focused on other issues than financial services, it provided an update on the White House's priorities as well as a prediction that the FHA's fortunes will soon improve.
Do we really want banks to be stable, profitable and internationally competitive or do we want them to be cash cows for Congress?
Recently released transcripts of Federal Reserve meetings during the last financial crisis reflect how blind policymakers remained to what was unfolding even at its peak. That suggests the Financial Stability Oversight Councils efforts to sound an early warning next time around are reminiscent of Charlie Brown hoping Lucy wont pull away the football.
Prohibiting future ownership of unstable CLOs is probably a good thing. Forcing a select group of banks, however, to sell these assets over a short time is not the optimal solution.
Two Florida men have been sentenced to serve seven years in federal prison for swindling more than $4 million from borrowers who were behind on their mortgages.
How the central bank will apply bank-centered rules to systemically important financial institutions is one of the biggest unanswered questions of the post-financial crisis regulatory system.
The rule prohibits big foreign banks from allocating capital and liquidity in a manner they deem to be most efficient. This may be an acceptable price to pay if the overall result were enhanced stability, but trapping capital and liquidity in particular jurisdictions is likely to make large banks less resilient in times of crisis.