Policy & Regulation

WASHINGTON — The nominee to run the Federal Housing Administration Thursday said she opposes extending higher limits on federally-insured loans.

The former Kansas City Fed chief wins bipartisan praise for FDIC Vice Chair slot, while key senator voices support for Senate votes on three agency positions.

WASHINGTON - A group of House Democrats is pressuring Senate Minority Leader Mitch McConnell to allow a vote on the confirmation of a director for the Consumer Financial Protection Bureau.

The Federal Reserve has banned a former executive of Security Bank in Tulsa, Okla., from the banking industry.

Regulators said Thursday that banks with more than $10 billion of assets as of June 30 will be subject to the supervision of the Consumer Financial Protection Bureau for at least a year.

Following an investigative report by 60 Minutes, support has grown rapidly this week for legislation that seeks to stop members of Congress from profiting from their own inside knowledge.

The study by a consumer advocacy group finds that 3.6 million households that received mortgages during the housing bubble remain at immediate risk of foreclosure.

Following nomination hearing, the top Republican on the Senate Banking Committee says Gruenberg, Curry and Hoenig should move "all together."

Credit-union leaders called on Congress Nov. 16 to amend required disclosures at ATMs, eliminate annual privacy notices required for members and reduce financial reporting for small credit unions as part of its next round of sought regulatory relief.

MF Global's failure is an example of how a financial firm should be able to fail and not lead to systemic risk in the financial system, St. Louis Federal Reserve President James Bullard said on CNBC Thursday.