Policy & Regulation

The overly complex Dodd-Frank Act came about because policymakers failed to tie regulation and regulatory structure together effectively. The next step in financial reform should be to simplify — and perhaps consolidate — regulatory processes.

Regulators are threatening more action to force improvements in the behavior of bank employees, but executives are shooting back that the task is easier said than done and that change has to come from inside and not through supervisory orders.

A government tool for unloading failed bank assets and minimizing FDIC losses may be used as a vehicle to publicly subsidize private gains in the proposed merger between CIT Group and OneWest Bank.

The Independent Community Bankers of America is taking issue with the White House's selection of investment banker Antonio Weiss to become Treasury undersecretary of domestic finance, joining a growing list of those criticizing the nomination.

The Consumer Financial Protection Bureau said DriveTime, which also has a lending unit, harassed delinquent borrowers and reported incorrect credit data.

A Senate report released Thursday reveals new details about the role certain banks played in the physical commodities markets, specifics that lawmakers say supports the Federal Reserve Board's plans to restrict bank participation in that area.

Only eleven months after cheering Federal Housing Finance Agency Director Melvin Watt's confirmation, Senate Democrats are fed up with the pace of reforms at the agency.

House Republicans are hoping to force the Federal Reserve Board to be more open about its monetary policy decisions and strip away some of its new authorities added by the Dodd-Frank Act, according to Rep. Patrick McHenry, the House's chief deputy whip.

With an eye on eliminating mortgage buybacks and adhering to increasing regulatory compliance obligations, mortgage lenders are redoubling their sales training efforts for both rookie and veteran loan officers.

Wells Fargo announced Wednesday that former Federal Reserve Board Gov. Elizabeth “Betsy” Duke is joining its board of directors.