PayThink

Our industry has never held as many mortgages as it currently does, and if rates rise rapidly it could result in a catastrophic event. It is vital that CUs have the tools to mitigate this risk.

While the banking industry was recovering from a global financial crisis and reacting to the prospects of new regulations, smart entrepreneurs were finding new and better solutions to people's problems.

Real GSE reform could take years. That's too bad, but in the meantime, the FHFA can start to redesign the securitization process – and phase out redundancies between Fannie and Freddie.

Piggyback litigation often follows regulatory actions, and the laws under the CFPB's jurisdiction all but invite follow-on private lawsuits. A huge number of companies may be exposed.

Shareholders, Congress and federal banking regulators are demanding greater accountability from executives and boards for risk management lapses. States ought to rise with the tide.

Strip nonbank broker-dealers of their ties to the banking system, and the market will demand stronger capital and safer asset growth from these firms, making their failures less systemically dangerous.

The Consumer Financial Protection Bureau released a set of new rules Thursday that detail additional requirements for mortgage servicing. Like the QM rule, the new servicing rules will be effective Jan. 10, 2014.

A top Federal Deposit Insurance Corp. official said late Tuesday that the initial phase of large firms preparing wind down plans has been a "positive first step."

Taking money from available funds to reserve against "Too Big to Fail" may save the banks, but put the countries and their economies into recession.

No, the standards weren't "watered down," media hype notwithstanding. But the Basel Committee is considering a complete pass for banks with government lifelines. This would enshrine "too big to fail."