PayThink

While the Federal Reserve’s exclusion of trust-preferred stock from Tier 1 capital is understandable, an analysis shows cumulative preferred stock can absorb losses at times of distress.

The Office of the Comptroller of the Currency has named a new senior deputy comptroller for large banks.

Applying the latest statistical techniques to measure operational risks lulls us into a false sense of analytic security and desensitizes management to the important qualitative aspects of controlling such exposures.

The bill may be a bridge between the advocates of a purely private market and those who favor some role for the federal government in housing.

Six regulatory agencies proposed an exemption from appraisal requirements for three types of higher-priced mortgage loans.

The Consumer Financial Protection Bureau issued bulletins on Wednesday warning any companies collecting debt that they would be held accountable for unlawfully dealing with consumers.

The Financial Stability Oversight Council, designed under the Dodd-Frank Act to identify risks to the stability of the financial system, unanimously voted Tuesday naming American International Group and GE Capital as systemically important institutions.

Overregulation and elimination of short-term credit alternatives will merely hurt consumers, particularly when criticism of existing products comes with no new solutions.

Lenders will need to evaluate and subsequently document their compliance with ability-to-repay and fair-lending rules in order to avoid getting caught in regulators’ crosshairs.

By smoothening the credit cycle, macroprudential regulation can temper the major problems with the growth model of the past 30-odd years: the tendency toward excessive credit growth, booms and busts.