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The Federal Housing Finance Agency has hired a lobbyist for the force-placed insurance industry as its point man in reforming a market allegedly riddled with industry kickbacks.
June 17 -
When the government backs any system, the beneficiaries have only limited interest in the risks they are taking. Senators Corker and Warner have fallen into this trap.
June 17
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Many developed countries, free from the U.S. impulse to see every product as something to track, do not share its inclination to frown on financial privacy.
June 17
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A fair-housing case provides the industry an opportunity to stamp out the longstanding legal theory that there can be lending discrimination without evidence of intent.
June 17 -
Sen. Elizabeth Warren raised the issue about the regulatory burden facing community banks at a Senate Banking Committee hearing.
June 17
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To keep costs down, insurers are exercising their right under the Affordable Care Act to insist consumers pay their premiums via automatic bank withdrawal. The Department of Health and Human Services is scrambling to make insurers accept plastic.
June 14 -
CFPB Director Richard Cordray said employers "play a critical role" in strengthening consumers' financial capability.
June 14 -
A recap of the informed opinions (and the discussions they generated) on BankThink and AmericanBanker.com this week.
June 14
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The Federal Deposit Insurance Corp. knows it must put some meat on the bones of its process for dismantling large financial firms, but is struggling to strike the right balance between providing too much detail and not enough.
June 14 -
Thomas Hoenig, vice chairman of the Federal Deposit Insurance Corp., said banks chasing 20% returns are aiming too high.
June 14




