Policy & Regulation

The National Credit Union Administration approved a final rule on capital planning and stress testing at its open board meeting Thursday that contained some changes — but maybe not enough to satisfy credit unions.

The Senate Banking Committee is scheduled to vote Tuesday on a stack of pending nominees to the Federal Reserve Board and other agencies, before it proceeds with a highly anticipated vote on a bill to overhaul the housing finance market.

Rep. Elijah Cummings, D-Md., is urging the House Committee on Oversight and Reform to investigate why regulators abruptly ended the independent foreclosure review and settled with banks last year.

A key point of contention is the 10 basis point user fee that the proposed Federal Mortgage Insurance Corp. would charge to support affordable housing efforts.

New York's top financial services regulator Benjamin Lawsky has indicated he will hold individuals accountable in enforcement actions. But it’s imperative his agency – and others that plan to follow suit – adopt and follow defined procedures that consider an individual’s unique, more vulnerable position.

The Consumer Financial Protection Bureau unveiled a new pilot program on Wednesday designed to allow consumers the ability to electronically review and file mortgage closing documents.

The state is asking Google, Comcast and other companies to stop running ads for companies that can't lend legally to its residents. Bankers are also being urged to be on the alert for illegal loans to their customers.

Wall Street banks — and the trade groups and law firms that represent them — are challenging the Federal Reserve Board's basis for restricting bank ties to physical commodities, arguing it is fundamentally flawed.

A Democratic coalition of nearly two dozen lawmakers is urging the Department of Education to change its rules to better protect students from unfair banking practices at colleges.

By buying more goods and services from businesses rooted in diverse communities, banks can build bridges with those communities and expand their customer base. And by expanding their networks of potential suppliers, banks can obtain better quality services at lower prices.