Policy & Regulation

The Federal Housing Finance Agency may face legislation or a lawsuit in the near future as it tries to force captive insurance companies to exit the Federal Home Loan Bank System.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

The Federal Deposit Insurance Corp. handed community bankers a critical win on Thursday by rescinding a plan to treat reciprocal deposits as brokered deposits in the calculation of small-institution assessments.

The Consumer Financial Protection Bureau has charged the auto dealer-finance company Herbies Auto Sales up to $800,000 for using allegedly misleading and abusive loan advertising.

Money-laundering episodes included a purported Whitey Bulger associate looting a church's coffers and the arrest of a Houston socialite on gambling-related charges.

Ocwen Financial Corp. will pay $2 million to settle charges that it misstated its financial results in valuing complex mortgage assets, said the Securities and Exchange Commission.

WASHINGTON — Frustrated by recent losses on Capitol Hill, American Bankers Association President Rob Nichols said Wednesday that the industry needs to drastically rethink its lobbying strategy.

The House Financial Services Committee argues that the CFPB ignored a Justice Department request to narrow the list of potential consumers harmed in the Ally case, purposely casting a wider net for political purposes.

Federal Deposit Insurance Corp. Vice Chairman Thomas Hoenig reiterated his strong opposition Wednesday to a Federal Reserve Board proposal that would direct large banks to raise additional unsecured debt as a cushion against a potential failure.

The Current Expected Loss Credit model will help to quantify bankers' intuition and can be built with readily available data.