Policy & Regulation

A lawsuit by the state's Democratic attorney general alleges that the oft-criticized mortgage assignment system deprived Kentucky of recording fees and shrouded property records in secrecy.

Following bankers' positive reaction to the bureau's QM regulation, industry observers are optimistic about the prospects for added flexibility in the QRM rules that will follow.

Flushing Financial in Lake Success, N.Y., is set to convert to a bank.

Political denial and cover-up are in the CFPB's DNA. The agency was predestined to be overbearing, which will only hurt borrowers in the long run.

Clients of the largest U.S. banks withdrew funds this month at the fastest weekly pace since the Sept. 11 attacks as a deposit-insurance program ended and customers tapped into their year-end cash hoards.

Require megabanks to pay their stealth subsidies into a reserve available only to creditors and the FDIC. Market discipline will do the rest, as shareholders demand that the banks shrink.

It seems clear that the Consumer Financial Protection Bureau believes balloon mortgages are not abusive or predatory. Why, then, does the rule so restrict their use?

Nearly three years after the implementation of a landmark credit card reform bill, the CFPB faces a monumental challenge: determining whether the law helped or hurt consumers.

Banks may struggle to raise funds from insurers due to a conflict between Basel III rules for lenders and Solvency II regulation for insurers, Prudential CEO Tidjane Thiam said.

The industry trade association released the results from its simulation of an "orderly" Dodd-Frank wind-down, as well as a paper endorsing the FDIC's resolution approach.