Policy & Regulation

A ruling by a federal appeals court last week that President Obama acted improperly in recess appointing members of the National Labor Relations Board may encourage Democrats to cut a deal on the structure of the Consumer Financial Protection Bureau.

JPMorgan Chase (JPM) is standing up for megabanks against growing criticism and calls for their breakup.

Richard Cordray's recess appointment to the Consumer Financial Protection Bureau may ultimately be invalidated, but legal experts say several recent mortgage regulations approved on his watch may still be upheld.

EverBank and OneWest appear set to do what regulators and the largest mortgage servicers concluded was impractical: Finish the independent foreclosure reviews.

Banks and national regulators are too slow to draw up living wills showing how large international lenders can be wound down if they fail, the Financial Stability Board said today.

Research may fail to prove the Community Reinvestment Act contributed to the subprime housing crisis. But its supporters also can’t prove that it didn't.

"Despite delays and protests, compliance with myriad Dodd-Frank and Basel III rules will likely accelerate in the coming year - particularly those around mandated stress tests requiring banks to demonstrate protection from adverse economic pressures," writes American Banker's John Adams.

The inspector general monitoring Tarp says that, despite its previous warnings, the Treasury Department has failed to improve its policies and procedures to ensure that its own guidelines on executive pay are met.

Fannie Mae and Freddie Mac will let some borrowers who kept up payments as their homes lost value erase their debts by giving up the properties.

Reopening the mortgage securitization pipeline is a vital step toward a housing market recovery that will boost the wider economy, Comptroller of the Currency Thomas Curry said today in a Las Vegas speech.