Policy & Regulation

At a Senate hearing, community bankers express concern that rules designed to address flaws in the securitization process will harm their more traditional mortgage operations.

A federal appeals court decision, which found the Securities and Exchange Commission failed to properly look at the economic costs of a new proxy rule, could present serious challenges to the rule-making process under Dodd-Frank and put regulators under even more pressure.

American Banker editors debate whether the landmark financial legislation will prevent another financial calamity or merely harness banks with huge new regulatory burdens.

Legal Helpers Debt Resolution, a Chicago-based debt settlement company, was fined $314,000 on Monday and issued a cease-and-desist order of its unlicensed business by the Illinois Department of Financial and Professional Regulation (IDFPR).

Even as tight ties between regulators and the regulated are blamed for the housing collapse, former FHA chief David Stevens shows the Washington revolving door is in full swing.

In a flat-fee model, most of the innovative energy goes into reducing costs rather than developing services that customers value.

Heartland Payment Systems Inc. is prepared to pass along what it calls “Durbin Dollars” to its merchant clients.

An aggressive push by the Justice Department to investigate fair lending claims is prompting a backlash from bankers who claim the government is abusing its authority.

The proposed Qualified Residential Mortgage rules have a better chance at harming the housing market than they have at addressing underlying weaknesses in the securitization process. They are an overreaction to the excessive risk-taking during the housing boom.

The Consumer Financial Protection Bureau opened its doors July 21, a day after this nation commemorated the anniversary of the first manned mission to the moon. And just like Neil Armstrong maneuvered over the moon’s rocky surface, the government’s newest agency might present the payments industry with some uneven terrain to navigate.