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Americans for Financial reform and the Roosevelt Institute are set to release a paper Tuesday assessing how far policymakers have come in implementing the Dodd-Frank Act, while suggesting the need for more reform.
November 12 -
At some point, the CFPB may start asking if issuers' credit scoring models negatively affect minority credit card applicants more than white applicants.
November 12
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Former President Bill Clinton told some of Wall Street's top executives that fines levied against banks in connection with the financial crisis should be used to fund infrastructure improvements in the U.S.
November 12 -
The 2008 financial crisis forced the Fed and Treasury into a too-cozy relationship and the Dodd-Frank law cemented it. Janet Yellen should use her confirmation hearing this week to reassert the central banks independence from the administration, argues editor-at-large Barbara Rehm
November 12
American Banker -
Fidelity Investments, BlackRock Inc. and PIMCO were among more than two dozen firms, industry stakeholders and lawyers that filed letters in an effort to discount the credibility of a report released by the Office of Financial Research labeling asset management firms as systemically important.
November 11
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The Financial Stability Board lowered the proposed surcharge on globally systemically-important banks for Citigroup and Bank of New York Mellon, leaving JPMorgan Chase as the only U.S. institution to face the highest 2.5% capital buffer.
November 11 -
The proposed treatment of mortgage securities and associated mortgage financing activities will constrain the sector while handicapping efforts to bring private capital back to the secondary market.
November 11
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JPMorgan Chase is weighing whether to ban traders from using electronic chat rooms to communicate with peers at other firms as the forums draw scrutiny from global regulators, according to a person with knowledge of the matter.
November 11 -
Baycorp, a New Zealand-based collection agency, is refunding debtors $3.5 million after a settlement with the country's Commerce Commission.
November 11 -
Bankers do not select the people who regulate them. To work, our system requires smart and prudent regulators as much as it requires smart and prudent bankers. Confirmation hearings should help us find out if Janet Yellen will be such a regulator.
November 11
