Policy & Regulation

The White House proposed Monday to "modestly" increase the fees that mortgage finance companies Fannie Mae and Freddie Mac charge mortgage lenders as a way to reduce the U.S. mortgage system's dependence on government support.

Denying the application would ice large banks, spook foreign owners and deprive the central bank of a key consolidation tool.

Regulators, mortgage insurers, and plaintiffs' attorneys all failed to stop a decade-long pay-to-play scheme in captive mortgage reinsurance alleged by HUD's inspector general. But the short-term profits the deals produced may have cost banks a great deal in the long run.

Life insurance agents are concerned about a proposed change emanating from Dodd-Frank.

On September 12 the U.K.'s Independent Commission on Banking released its much-anticipated final report, also known as the "Vickers report" after chairman Sir John Vickers.

The government faces significant obstacles in enacting a plan to turn government-controlled foreclosure properties into rental housing, including the exact goals of such a program and its structure.

"We should not be penalized because we were not on the favored list of institutions that were deemed 'too-big-to-fail,' " Mike Perry says in a public campaign rarely seen from an executive of a failed bank.

Citigroup Inc. is raising the fees it charges customers for its basic checking accounts to $10 per month, and it will no longer give them rewards for using its debit cards, in the wake of new regulations capping debit interchange fees.

PHILADELPHIA — In his first speech since taking over for Elizabeth Warren as the public face of the Consumer Financial Protection Bureau, Raj Date warned that the agency will take a firm stance when it identifies practices that are harmful for consumers.

Global accounting firms have not been drawing lines between audit services and everything else all that strictly.