Policy & Regulation

Six regulatory agencies on Wednesday issued a proposal that would exempt three types of higher-priced mortgage loans from appraisal requirements.

Lenders will need to evaluate and subsequently document their compliance with ability-to-repay and fair-lending rules in order to avoid getting caught in regulators’ crosshairs.

The long-anticipated collapse in mortgage applications, finally a reality, stands to take a bite out of bank earnings in the second quarter and beyond.

Richard Parsons, former chairman of Citigroup, said that the biggest U.S. banks probably need more capital as regulators seek to prevent another financial crisis.

The Consumer Financial Protection Bureau warned companies collecting debt that it is closely watching how consumers are treated while at the same time expanding ways for consumers to dispute debt.

By smoothening the credit cycle, macroprudential regulation can temper the major problems with the growth model of the past 30-odd years: the tendency toward excessive credit growth, booms and busts.

The Consumer Financial Protection Bureau warned companies collecting debt that it is closely watching how consumers are treated while at the same time expanding ways for consumers to dispute debt.

The Financial Stability Oversight Council unanimously voted Tuesday to designate American International Group and GE Capital as systemically important financial institutions, the first nonbanks to be named to that category.

A proposal by U.S. regulators to raise the leverage ratio at the biggest bank holding companies and their subsidiaries is already drawing fire from both sides of a raging debate about how high capital requirements must be to ensure no institution poses a systemic risk.

House Republicans grilled the Consumer Financial Protection Bureau's acting deputy director Tuesday over how the agency gathers and protects consumer data.