Law and regulation

The HUD secretary said the president disagreed with Ed DeMarco's refusal to allow Fannie Mae and Freddie Mac to engage in principal reductions, but suggested there was little that could be done short of hoping the FHFA chief changes his mind.

Banks are trying hard to beef up programs tied to consumer protection, thanks to the creation of the CFPB and other consumer-related regulations. But there are few people in the job market with experience in banking and consumer protection, making this a lucrative opportunity for those who are skilled at both.

The main news programs on broadcast networks ABC and NBC have ignored the biggest scandal roiling the banking world this summer, according to the nonprofit website Media Matters for America. Other networks have covered it, but critics urge TV to toughen reporting on banking.

Resurrecting Glass-Steagall means resurrecting the large, highly leveraged investment banks engaged in high-risk trading for their own accounts.

KeyBank has become the latest regional bank to bring its credit cards back in house.

The CFPB has taken its first civil action, suing a Los Angeles law firm that it says has preyed on distressed borrowers by offering bogus mortgage loan modifications.

The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.

OK, this isn’t your normal DFRW fare, but we can’t quite let this vision go.

Johnson's letter to FHFA chief DeMarco urges the agency to rethink decision that disallows principal writedowns.

In testimony before a House committee, the CFPB director said that the rules meant to simplify the disclosure process are long and detailed because that's what the mortgage industry wanted.

Fannie Mae on Wednesday opened a mortgage help center in Ontario, Calif., and now operates a dozen centers nationwide that provide free education and counseling servicers to struggling homeowners.

FHFA acting director DeMarco's rejection of principal reductions for underwater homeowners led some to praise his judgment and others to call for his termination. What's your take?

Sometimes even being upfront about market conditions can land a company in potential hot water.

The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.

The financial industry spoke out Wednesday as progress on the measure sponsored by Sen. Joseph Lieberman has stalled in the Senate.

Shouldn't we want to preserve the benefits of being big, global and diversified if society can manage these banks' risk exposures and support their stabilizing effects on economic order?

Join the editors of American Banker and the industry's most influential policymakers, lawmakers and executives to discuss the issues that remain at the forefront of the regulatory landscape: CFPB, Volcker Rule, TAG, fair lending enforcement, Basel III and the impact the elections will have on financial institutions.

PLYMOUTH, Minn. — NCUA announced this morning it has awarded the remnants of AM Community CU, a failed $135 million Kenosha, Wis., credit union, to TruStone Financial FCU under a purchase and assumption agreement.

Tools provided by Dodd-Frank to ensure stronger oversight and restrictions over the largest banks are a more effective way to end bailouts than just limiting banks' size.

While I'm sure some community bankers applauded Sandy Weill's recent call to break up our nation's largest banks, I, for one, did not.