Policy & Regulation

The Dodd-Frank Act called on regulators to develop ways to assess diversity practices in the financial sector, but the guidelines are getting panned by critics who say they do not go far enough.

A House Financial Services subcommittee will hold a hearing Thursday on employee allegations of discrimination and retaliation at the Consumer Financial Protection Bureau.

The regulatory path may also be bumpier for P-to-P lenders that focus on subprime borrowers, predicts Raj Date, a former second-in-command at the Consumer Financial Protection Bureau.

New York Community Bancorp would stay profitable and maintain capital levels well above the necessary minimum if it was hit with a sustained economic shock, its stress-test report said. It is one of the larger banks subject to the so-called DFAST review.

The Canadian Senate Banking, Trade and Commerce committee has issued a report encouraging "a light regulatory touch — almost a hands-off approach" to regulating digital currencies.

Determining regulatory requirements based on banks’ activities rather than their size would liberate old-school institutions from unnecessary burdens without endangering the financial system.

While regulators worldwide have urged banks not to "derisk" by cutting off entire industries or geographies, it is rare for policymakers to specifically cite this controversial sector as wrongly underserved.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the need to hold bankers accountable for criminal deeds and whether the FDIC's proposed recordkeeping requirement is smart planning or pointless.

BB&T's auto-finance division will stop dealers from marking up the price on sales contracts, and instead will offer a flat-fee compensation program.

Many lenders may not have been ready for the CFPB's new mortgage disclosure rule if it took effect on Aug. 1 as planned. Now a slip-up by the agency itself has given lenders a two-month reprieve.