Dodd-Frank

WASHINGTON — NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.

Support for fully exempting community banks from the Volcker Rule continues to grow, but advocates fear it could be waylaid by a larger fight in Congress over changes to the Dodd-Frank Act.

The new Financial Stability Oversight Council guidelines promise better public transparency and greater engagement with firms under review.

The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.

Regulators are confused about whether to use capital buffers as a tool to stamp out "too big to fail" banks or as a cushion to protect the financial system from the next crisis. But the Dodd-Frank Act gives them a clear mandate: to eliminate market expectations of a government bailout.

WASHINGTON — The Senate Banking Committee will hold a hearing Tuesday examining regulatory relief for small banks and credit unions, kicking off what is expected to be a central debate this term over changes to the Dodd-Frank Act.

While lawmakers are calling for a bill to raise Dodd-Frank's unpopular $50 billion threshold for banks to be considered "systemically important," regulators actually have the power to do it without legislation.

The CFPB's "Safe Student Banking" initiative is designed to pressure students' educational and financial institutions into offering young people narrow options.

President Obama's 2016 budget plan tackled a host of big picture items for banking, including Dodd-Frank reform, CFPB funding, cybersecurity, as well as FHA and SBA lending. Here's what banks need to know.

President Obama is making a renewed push to boost funding for Wall Street's top cops after regulators said budget constraints were keeping them from enforcing rules put in place after the financial crisis.

The Senate Banking Committee is already out of the gate with legislation on Iranian sanctions this week, but the fast movement has shed light on early friction between the panel's chairman and ranking member.

Federal Reserve Gov. Daniel Tarullo says "shadow banking" is another source of systemic concern for bank regulators

New York Community Bancorp wants Washington to raise the asset size for systemically important financial institutions, but in the meanwhile its asset sales to stay under the threshold helped to boost profits and its CEO is pursuing possible M&A deals.

WASHINGTON — Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md., are prodding the biggest banks for information about how they will respond to changes to a controversial Dodd-Frank Act swaps provision signed into law last month.

The Financial Stability Oversight Council's proposed changes to its process for designating nonbanks as systemically important are being widely praised as helpful and responsive, but many stakeholders say that they do not go far enough.

At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

WASHINGTON — The Office of the Comptroller of the Currency has named Michael Brickman as deputy comptroller for special supervision.

The focus on raising the $50 billion-asset threshold determining which banks face the toughest provisions is highlighting interest in letting more community banks enjoy exemptions written into the law.

Regulators have come to view macroprudential regulations as the guiding light of financial policy. But whether that strategy is working is open to debate.

The Financial Stability Oversight Council said its process of reviewing large nonbanks should include earlier engagement with companies and more public disclosure, among other changes.