Dodd-Frank

The Federal Reserve Board released its second annual round of stress tests mandated by the Dodd-Frank Act on Thursday, providing a glimpse into how the country's biggest firms would fare under a hypothetical economic crisis.

WASHINGTON — The Consumer Financial Protection Bureau released a report Thursday showing consumers are being "hounded" by debt collectors, adding more fuel to the fire in the agency's efforts to crack down on the industry's bad actors.

This behind-the-scenes attempt to shut down legal tribal businesses represents a total departure from more than a century of respect for, and engagement with, tribal governments as partners and co-regulators on issues ranging from law enforcement to economic development to education.

The Consumer Financial Protection Bureau's new examination procedures for mortgage originations include strict quality controls for mortgage documents.

Banks and credit unions are more worried about regulatory and risk management pressures than they were a year ago, according to a new report from Wolters Kluwer Financial Services.

The legislation grandfathering certain CLOs and clarifying which commercial loan securities are exempt from the Dodd-Frank Act trading ban were part of a package of bills approved by the House Financial Services Committee.

The Senate Banking Committee has forged a strong bipartisan agreement to reform the housing finance market, but how — and whether — that effort gets picked up in 2015 is still very much in question.

Steven Antonakes, the Consumer Financial Protection Bureau's deputy director, recalled how people's interest in what regulators do grew in 2008.

WASHINGTON — The Consumer Financial Protection Bureau announced several key hires on Wednesday, including a chief economist, financial empowerment director and market liquidity researcher.

Three nominees to the Federal Reserve Board are set to underscore the growing attention the central bank is paying to financial stability concerns amid its two other mandates of employment and price stability.

Regulators should demand more derivatives disclosures in forthcoming living wills. Having banks disclose the risk factors in their risk measurement models would help regulators understand if banks are well capitalized for unexpected losses.

The Federal Reserve Board has the authority to act on its own to apply different capital requirements for insurance companies than those it has already mandated for banks, several senators said Tuesday.

The Consumer Financial Protection Bureau is planning to eliminate its current employee performance management system after data showed minorities were rated lower than white employees.

The Office of the Comptroller of the Currency has joined other regulators in seeking to simplify megabanks' myriad legal entities. But instead of being focused on helping a bank to unwind in a failure, the OCC argues simplification can greatly help operational efficiency.

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.

Consumer Financial Protection Bureau managers are far more likely to rate white employees highly than minorities, data obtained by American Banker shows. The figures reflect broad personnel problems inside the agency and are likely to give rise to claims that it's failing to uphold standards it punishes others for violating.

Predictions vary widely on how hard it will be for foreign banks to comply with a new capital rule from the Federal Reserve. Many will have to sell branches or loans, or they may just need to shuffle some legal paperwork, depending on whom you speak with.

Charles Taylor, a senior official at the Office of the Comptroller of the Currency, said certain highly complex branches of foreign-owned institutions are being subjected to aspects of the agency's "heightened expectations" program.

Rules enacted last year appear to be steadily forcing banks to exit the mortgage servicing business, transferring such rights to nonbanks. The situation is stoking fears on Capitol Hill and elsewhere that regulators went too far.

The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa.