Policy & Regulation

Janet Yellen is expected to take a more hands-on role in bank regulation than her predecessors if she is confirmed to be the next chairman of the Federal Reserve Board.

Banks had to devote more money to compliance in the third quarter after regulators increased the rate of new enforcement actions.

California regulators are warning banks and credit unions chartered by the Golden State to refrain from processing transactions for 16 online consumer lenders.

The Consumer Financial Protection Bureau penalized two nonbank mortgage lenders on Wednesday for incorrectly reporting data to regulators in a move certain to draw significant attention from the rest of the industry.

WASHINGTON — Federal regulators on Wednesday urged banks and other financial institutions to consider loan modification plans for borrowers affected by the government shutdown, which is now in its second week.

Reports that the ceiling on government-backed mortgages may fall at the start of 2014 have much of the housing industry up in arms.

The distinguished economist will have to make monetary policy a priority during her tenure as Fed chair. But Yellen won’t forget about her financial regulatory role and is likely to support stricter capital requirements along with enhanced nonbank supervision.

The Department of Housing and Urban Development's recent proposal regarding the definition of "qualified mortgages" differs from the Consumer Financial Protection Bureau's QM rule. These key differences are causing lenders to be overwhelmed with how to implement the agency's plan.

Members of the Senate Banking Committee quickly took sides in the brewing battle over the nomination of Janet Yellen to head the Federal Reserve Board, but it was already apparent that she was ultimately likely to win confirmation.

Hopefully, examiners will respect good-faith efforts by banks and third-party processors to verify that a merchant’s business is legal – rather than expect financial institutions to guarantee how courts will decide.