Policy & Regulation

Consumer Financial Protection Bureau Director Richard Cordray defended the agency's new mortgage rules, data gathering activities and single-director leadership structure during a luncheon speech on Wednesday.

Federal Reserve Board Chairman Ben Bernanke said Wednesday that regulators are making steady progress on a number of critical rules under the Dodd-Frank Act, predicting that several final rules will be released in the coming months.

Regulators have published the latest catalog of places outside metropolitan areas where lending will earn banks credit toward their Community Reinvestment Act obligations.

Housing Secretary Shaun Donovan and four state attorneys general vowed to hold banks to the terms of the settlement while saying more institutions were likely to shortly join their ranks.

New nonbank companies entering the payments industry should be subject to the same regulatory oversight and transparency requirements as their financial institution peers, according to a report released by the American Bankers Association.

A prominent group of policymakers from across the political spectrum has unveiled a detailed proposal to reform the mortgage finance system that includes many common elements found in pending Senate legislation.

The Federal Housing Finance Agency has hired a force-placed insurance industry lobbyist to simultaneously advise the government on the same issues. Is the move is indicative of a federal housing regulatory regime that's been coopted by the regulated?

Regulators are looking more closely at the way banks choose and manage their vendors. One insider tip: clue the regulators in to new projects ahead of time.

During a House Financial Services subcommittee hearing, Republicans accused the Consumer Financial Protection Bureau of overspending, saying too much money is spent on top officials' salaries, travel and planned office renovations.

Contradictory regulations, such as the CFPB's QM standards and HUD's new fair lending rules, inhibit banks’ ability to devote resources to their businesses.