Policy & Regulation

The three asset management firms are among those attempting to discount the credibility of a report released by the Office of Financial Research last month that argued such companies potentially pose a threat to the economy.

The Treasury Department is taking a roughly 45% discount its latest auction of Troubled Asset Relief Program shares.

The Commodity Futures Trading Commission, which is designed to have five members regulate trading by banks, could instead have only one Democrat and one Republican early next year. The split would probably delay votes on contentious Dodd-Frank Act regulations.

Harvey Rosenblum, the former director of research at the Federal Reserve Bank of Dallas, has cultivated one of the most public profiles among rank-and-file regulators in the "too big to fail" debate. In an interview with editor-at-large Barbara Rehm, he let loose– and his views might surprise you.

The battle over how to craft affordable housing requirements as part of mortgage finance reform took center stage on Thursday as witnesses at a Senate Banking Committee hearing sparred over the issue, including whether dedicated funds should be subject to Congressional appropriations.

WASHINGTON — The Federal Reserve Board on Thursday informed U.S. banks how it plans to craft scenarios for future stress test exercises.

WASHINGTON — Janet Yellen, vice chair of the Federal Reserve Board and President Obama's pick to run the central bank, will appear before the Senate Banking Committee on Nov. 14.

If there is any chance a Basel Committee standard could apply to community banks, U.S. regulators need to make every effort to consult with these institutions before agreeing to it.

Federal Reserve Board Gov. Jeremy Stein warned Thursday that the current scope of regulatory tools will be insufficient to ward off the risks associated with asset fire sales.

The Consumer Financial Protection Bureau said Thursday it was charging Castle & Cooke Mortgage $13 million in penalties for allegedly pushing consumers into costlier mortgages in order to give kickbacks to loan officers.