Policy & Regulation

Elizabeth Warren is proposing to allow outstanding student loan borrowers to enjoy low rates by removing certain tax advantages for the wealthy.

Bill Ackman, who runs the $15 billion Pershing Square Capital Management LP, said that Fannie Mae (FMCC) and Freddie Mac will probably soar because there's no way to replace the mortgage guarantee companies.

Homeowners who dealt with a single person at their mortgage servicer were twice as likely to get a loan modification and half as likely to be denied one, according to a Fannie Mae study.

Read alone, a recent report from the CFPB might suggest that arbitration clauses in banking contracts could disadvantage consumers, but it was only a preliminary look that failed to paint a complete picture of arbitration's costs and benefits.

The Senate Banking Committee continued negotiations over the weekend on landmark legislation to overhaul the mortgage finance system, but it still remains unclear when, or if, panel leaders will reschedule a key vote on the bill.

Bankers are split on whether consumers' use of credit cards will stabilize over the next two years and if their level of card debt may eventually return to pre-financial crisis levels, according to a report released Monday by the Federal Reserve Board.

Banking is dominated by leaders who are straight, white and male, despite copious evidence that greater diversity at senior management levels improves companies' performance. American Banker editors discuss why diversity efforts are falling short at banks and regulatory agencies, and what executives can do to fix these problems.

Lawmakers are increasing pressure on the Federal Reserve Board to apply different capital rules to nonbank financial firms, like insurance companies, that are designated as a possible risk to the economy.

The fate of housing finance reform hangs in the balance after the Senate Banking Committee delayed a vote on a bipartisan bill sponsored by senators Tim Johnson and Mike Crapo. American Banker editors discuss what's behind the delay and the likely next steps.

It looks like average credit scores have fallen, but only if you examine GSE and FHA originations separately, the think tank's researchers say. When they are combined, the average holds steady.