Policy & Regulation

Internal governance policies should define for shareholders, employees and the public how the bank plans to effectively manage the stated risk appetite.

Federal Reserve Board Gov. Elizabeth Duke doesn't want to see new mortgage rules driving community banks out of the origination market. Exhibit A: balloon mortgages. They may have been abused by other lenders, but are a mainstay of community bank mortgage lending.

There have been some new twists in the strange case of an alleged attempt to blackmail Mitt Romney for $1 million in bitcoins, raising additional legal questions about the digital currency.

Raj Date, CFPB's second in command, said he will leave the agency after it finishes writing a number of mortgage rules required under the Dodd-Frank reform law.

The Supreme Court will decide whether merchants have the right to file class actions against Amex over which cards they must honor, or if arbitration clauses bar them from combining forces.

Some banks bucked the trend and others buckled under it. Overall, about two-thirds of publicly listed banks posted quarter-over-quarter declines in margins during the most recent round of earnings reports.

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The Dodd-Frank Act, sold to the public as the tamer of the Wall Street titans, may well end up having a disproportionate impact on smaller institutions, thanks to the costs of capital implications of being "not too big to fail" and the advent of the CFPB, writes Cato's Louise Bennetts.

You might have missed it, but there was big news last week—and we aren’t just talking about the delay on Basel III implementation. The election dominated the week for obvious reasons but other news was also critical. Following is our list of the most important stories in Washington during the past week:

Coinciding with the Veterans Day holiday, mortgage-settlement monitor Joseph A. Smith invited members of the military and veterans to report their complaints of abuses by mortgage servicers.