Policy & Regulation

OCC proposal would broaden the types of loans that would count toward CRA obligations; new law helps parents freeze accounts of minors.

The North Dakota Democrat bucked members of her own party in pushing for a bill reforming Dodd-Frank. She faces another uphill battle in November.

The Senate approved Richard Clarida as vice chairman of the Federal Reserve on Tuesday, while two other central bank nominees still await a vote.

The new rule will raise the asset threshold for firms eligible for the Small Bank Holding Company and Savings and Loan Holding Company Policy Statement.

The Office of the Comptroller of the Currency issued more than 30 questions for the public as it begins an effort to modernize the Community Reinvestment Act.

Randal Quarles was considered for Financial Stability Board chair spot; the outgoing student loan ombudsman says the agency puts lenders before consumers.

The service can be useful for customers short on cash, but financial institutions need to clarify overdraft rules and develop alternative forms of credit.

Unilateral approaches to bank regulation are risky, but the OCC's plan to seek public comment independent of the other agencies could help shed light on a CRA debate that is now being waged internally.

Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”

The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.