Policy & Regulation

Sen. Elizabeth Warren garnered support on Tuesday at a Wall Street reform event in Washington D.C. to help end "too big to fail."

WASHINGTON — The Office of the Comptroller of the Currency issued new standards on Tuesday for banks that hire independent consultants when under an enforcement action.

Sen. Elizabeth Warren rallied supporters on Tuesday to help end "too big to fail" and back her bill to separate commercial banking from riskier activities, in a fiery speech before consumer advocates.

Americans for Financial Reform and the Roosevelt Institute have plans to release a joint paper Tuesday assessing policymakers' progress in implementing the Dodd-Frank Act.

Industry-accepted standards would reduce friction and costs in satisfying compliance requirements during a time of heightened scrutiny for banks and their vendors.

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The written testimony to the Senate Committee on Banking, Housing and Urban Affairs is part of the CFPB's fourth semi-annual report.

Timothy Massad, the Treasury Department official responsible for overseeing the U.S. rescue of banks and automakers after the credit crisis, will be nominated to head the country's top derivatives regulator.

Americans for Financial reform and the Roosevelt Institute are set to release a paper Tuesday assessing how far policymakers have come in implementing the Dodd-Frank Act, while suggesting the need for more reform.

At some point, the CFPB may start asking if issuers' credit scoring models negatively affect minority credit card applicants more than white applicants.