Policy & Regulation

Government-mandated risk retention is not an answer to the problem of bad loans being bundled up and sold to unsuspecting buyers. A better approach is to make sure that MBS purchasers have access to good loan-level data about what they are buying.

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

By pretending to treat the guarantee problem as actuarial rather than political, Corker-Warner can garner the support of traditional lending and housing lobbies that historically supported Fannie and Freddie.

WSFS Financial in Wilmington, Del., has repurchased preferred shares it issued the Troubled Asset Relief Program.

A Huffington Post scoop describes serious morale problems at the Fed, but lays most of the blame for that on former Fed Chair Alan Greenspan. Editor-at-large Barbara A. Rehm sees it differently.

The banking industry enjoyed a second consecutive record quarterly profit in the three months through June, according to the FDIC. But lower unrealized gains on available-for-sale securities sparked concerns about future risks from rising interest rates.

A new Jack Henry program can speed EMV-chip card migration for card issuers by up to a year — but only for credit cards, since ongoing legal issues hamper the use of EMV for debit cards.

The Justice Department has subpoenaed documents from what was Wall Street's largest mortgage due-diligence firm as it ratchets up an investigation into bank actions in the years before the financial crisis.

The Federal Reserve Board has released Raton Capital in Raton, N.M., from an enforcement action.