Policy & Regulation

The specter of "too big to fail," coupled with the usual fuming by community groups over Capital One's CRA record, made for a dramatic nine hours — and counting.

A year after the enactment of Dodd-Frank, debate over the act and other post-crisis reforms is as emotional as ever. Top lawmakers, regulators, bankers and pundits clashed over Dodd-Frank's unfinished rules, unintended consequences and missed opportunities at the American Banker Regulatory Symposium on Sept. 19-20 in Washington. Policymakers pledged to balance consumer interests and economic growth, while bankers complained about capital rules and other regulations that, they said, will tie their hands.

An ideological divide in the party has prevented a resolution to the GSE problem, the West Virginia Republican said. More help will be needed from the White House, too, she said.

The Florida appeals court ruling could make it harder for mortgage servicers to use such records as evidence for foreclosure without verifying the underlying information.

Forget Dodd-Frank. Never mind unemployment. Want to jumpstart lending? Fix the system for classifying loans, Harris Simmons says.

Create a national charter for nonbanks so they don't have to go through banks to offer products to underserved consumers.

Big bank deals will worsen systemic risks and unfair competition, said the ICBA, which called for a moratorium while new regulations are in the works. Capital One argued the deal would create a safer company.

The Massachusetts Democrat said housing advocates' fight against a key reform of Dodd-Frank would hurt the low-income borrowers they are trying to help.

Dodd-Frank failed to cure key structural shortcomings of mortgage servicing that are still harming consumers, says Raj Date, the interim leader of the Consumer Financial Protection Bureau.

At a community banking panel at this year's American Banker Regulatory Symposium, the consensus held that regulation can't be a one-size-fits-all practice.