Policy & Regulation

In her column, "It's Time for Money Funds to Fess Up About Fluctuating Values," Barbara Rehm seems too intent on promoting regulations "that could make money funds miserable," regardless of their impact on investors, the financial system, and the economy.

During an appearance to business journalists, Cordray defended his agency's powers.

Clifford Rosenthal has been hired to head the Consumer Financial Protection Bureau's Office of Financial Empowerment.

The Twitterverse welcomed the Federal Reserve Board as a member last week and the Fed amassed more than 15,300 followers in a matter of days.

The results of the Federal Reserve Board's stress tests separated the strong from the weak among the 19 largest banks. Following is a breakdown of selected results and how individual institutions fared.

The industry largely backed Mitt Romney in the GOP primaries. With Obama's chances of reelection improving, should bankers be worried?

An appellate court has ruled that a borrower has the right to sue a servicer for violating the Home Affordable Modification Program, but a judge noted that the decision would have been helped by input from the Treasury Department.

The terms of the national mortgage settlement overlap to some extent with existing federal consent orders against the largest servicers, which could complicate banks' compliance efforts with both — and the role of the external settlement monitor.

Community bankers are worried about stress tests, even though there is nothing in the Dodd-Frank Act requiring them to do it. While regulators are not requiring the tests for smaller banks, they are increasingly encouraging bankers conduct such tests.

In Barbara Rehm's column "It's Time for Money Funds to Fess Up About Fluctuating Values," she characterizes the $1 net asset value as "a fiction," which is defined at something feigned, invented or imagined.