Policy & Regulation

WASHINGTON — There is a disturbing lack of data on the repo and securities lending markets that could mask a buildup of activity by nonbank lenders, according to a report published Thursday by the Office of Financial Research.

Banking regulators will never conclude that regulation is actually hurting community banks until they study the issue and come to that conclusion on their own.

WASHINGTON — The Consumer Financial Protection Bureau's enforcement attorneys have pulled back on new investigations in order to clear out a slew of pending cases, according to multiple current and former officials at the agency.

The Consumer Financial Protection Bureau's enforcement attorneys have pulled back on new investigations in order to clear out a slew of pending cases, according to multiple current and former officials at the agency.

WASHINGTON — House lawmakers clashed this week over a bill making changes to the Consumer Financial Protection Bureau that would cap the agency's budget in coming years.

As banks have largely ceded the market for government-backed loans to nonbank lenders and servicers, it's fallen on Ginnie Mae to be sure that these nonbanks can meet their obligations to bondholders. It's a huge concern for President Ted Tozer, who says the company does not have the resources or manpower to examine these firms' finances.

The House is preparing to vote on two cybersecurity bills this week, kicking off the latest push to improve information sharing between private companies and the government about potential attacks and threats.

Federal Housing Finance Agency Director Mel Watt just made one of the biggest policy decisions of his 14-month tenure — but so far it has hardly caused a ripple on Capitol Hill.

Bank of America was fined 13.3 million pounds ($20 million) by the British markets regulator for failing to properly report millions of transactions, the highest such penalty imposed by the U.K. to date.

Former Federal Reserve chair Paul Volcker is far from the first watchdog to suggest the U.S. regulatory system is badly in need of a common-sense makeover. Yet a confusing and ineffective structure remains the status quo.