Law and regulation

Though leveraging credit prescreening can be complicated, organizations that are proactive in developing clear policies and processes can safely market themselves to desirable customers, according to consultant Rich Walker.

Banks that own broker-dealers need to hold more capital to withstand runs and other shocks, said Eric Rosengren, the head of the Federal Reserve Bank of Boston said Wednesday.

The Federal Housing Finance Agency provided its first specifics Tuesday on how it intends to create a single security for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

WASHINGTON — Amerisave Mortgage Corp. and its owner have been ordered to pay more than $20 million for allegedly overcharging borrowers and trapping them in higher interest rates than those advertised.

The Financial Crimes Enforcement Network has proposed forcing banks to identify those standing behind legal entity accounts, but also made a slew of accommodations meant to make the rule more palatable.

Expanded reporting requirements under the Home Mortgage Disclosure Act will give regulators access to a panoply of sensitive data. Banks should take steps to address any fair lending issues before the new rules take effect, according to Warren W. Traiger.

In a speech Tuesday, the director of the Financial Crimes Enforcement Network will argue that recent guidance for banks regarding the marijuana industry is working as intended. But it's unclear whether banks' concerns about the risks have been addressed.

The Consumer Financial Protection Bureau issued a warning to consumers about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.

The Consumer Financial Protection Bureau issued a warning to consumers Monday about the danger of digital currencies, sparking questions about whether the agency could soon seek to write new rules in that area.

The Consumer Financial Protection Bureau weighed into the debate about the future of digital currencies like Bitcoin, issuing a warning Aug. 11 that they pose significant risks to consumers.

Galante's impending departure may signal that the recovery of the federal mortgage insurance fund is nearly complete and an upcoming report will shows a healthy capital level.

The Consumer Financial Protection Bureau waded into the debate about the future of digital currencies like Bitcoin, issuing a warning Monday that they pose significant risks to consumers.

Regulators need to provide clear standards as to what constitutes an acceptable living will, according to the American Enterprise Institute's Abby McCloskey and Paul H. Kupiec.

Federal Reserve Board Chair Janet Yellen is facing the first real test to her agency's independence during her tenure, as House Republicans push a bill designed to broaden congressional oversight of the central bank and tie its hands regarding monetary policy.

The Export-Import Bank benefits just a handful of American companies and is weighed down by corruption, writes Ryan Young of the Competitive Enterprise Institute.

Regulators' blunt criticism of resolution plans of the 11 most complex banks still leaves pivotal questions about how the process moves forward, including what banks must do to avoid serious consequences.

Banks and other lenders appear to be waiting on a regulatory signal from the Federal Housing Finance Agency before approving loans for borrowers with less than stellar credit profiles.

Recent remarks by European politicians and HSBC chairman Douglas Flint are indicative of a mindset that's more interested in complaining about regulations than managing risk, according to Mayra Rodriguez Valladares.

Fed Gov. Tarullo's suggestion that directors should be more engaged in risk oversight is a dangerous development that, if implemented, would expose directors to more lawsuits and further discourage capable people from serving on boards, writes banking attorney John Gorman.

U.S. banks spent much of the last five years grappling with the legal fallout from the subprime housing bubble. Now, with the launch of a surprise inquiry by a hard-charging federal prosecutor in New York, lenders are wondering if subprime auto loans are next.