Policy & Regulation

Efforts to overhaul the mortgage finance system are gaining momentum, but key logistical hurdles remain as lawmakers prepare to return from the August recess.

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America (BAC) this year — its largest to date — because the bank needed Fannie's approval to sell billions of dollars in servicing rights.

By advocating for their outdated tax exemption, credit union lobbyists are advocating for a tax increase on every business in America.

Several money transmitters are offering their state licensing portfolio to emerging payments agents, allowing them to get to market quicker — but startups lose some autonomy if they go this route.

Fannie Mae used its authority over Bank of America's sales of mortgage-servicing rights to resolve a bitter dispute involving mortgage repurchases, the inspector general of the Federal Housing Finance Agency says.

Things are bad, very bad, for the large banks when the Atlantic magazine runs this headline: "Did Bank of America's Long Hours Kill a Summer Intern?"

Steve Bartlett is joining Treliant Risk Advisors early next month. It'll be a part-time gig, but the former Financial Services Roundtable CEO plans to make Treliant his home base for the range of consulting work he's picked up since leaving the Roundtable late last year.

WASHINGTON — Regulators have officially gone back to the drawing board in trying to implement Dodd-Frank Act restrictions on securitized mortgages.

A heavyweight panel including former bank regulator Sheila Bair cautioned Wednesday that the Federal Reserve must take a clear and steady direction out of its "experimental" monetary policies so as not to further harm the economy.

The Federal Reserve Board said it will appeal a judge's decision invalidating the central bank's interchange fee cap, while both the Fed and merchant groups asked for more time before the lower court ruling takes effect.