Policy & Regulation

Housing advocates say a gap has opened between the relief the five big mortgage servicers agreed to provide under a $25 billion settlement and what borrowers are seeing on the ground.

As policymakers negotiate to avoid the fiscal cliff, bank lobbyists are fighting to extend TAG, the Obama administration is facing a nearly defunct FHA, and Chicago will become the first city in the country to directly report information to the CFPB.

With the help of technology and the FHFA, the CFPB can create Dynamic Disclosures for consumers. Better information will put borrowers on an equal footing with lenders, making non-Qualified Mortgage loans safer to originate.

Financial institutions and consumer groups are each trying to influence a report that will help determine the rules for settling customer disputes.

Senator-elect Heidi Heitkamp may be the next in line to join the Senate Banking Committee.

Comptroller Tom Curry said the agency has worked to address several concerns from staff after a recent survey — the first being stepping up internal communications by senior management.

Banks are unsure if deposit contracts with broker-dealers that have longer-term rate and contract maturities will be treated as such under Basel III.

The National Association of Federal Credit Unions is asking the Independent Community Bankers of America to "immediately cease and desist" use of the credit union trade group's name in reference to support of a controversial bill to extend a crisis-era account guarantee program.

A pending proposal by the Federal Reserve Board to overhaul the way U.S. regulators supervise foreign bank operations is raising questions and sparking concern among industry players who fear it may go too far.

Housing advocates say there is a gap between the relief borrowers are seeing on the ground and what the five largest servicers agreed to do as part of the $25 billion settlement signed in February.