Regulation

Regulators announced Monday they would extend the conformance period by two years under the Volcker Rule for banks with legacy collateralized loan obligations, but at least one lawmaker is already saying the agencies should do more.

The National Association of Realtors estimates that the Federal Housing Administration's 1.35% annual premium stopped at least 125,000 renters from buying a home last year.

The Consumer Financial Protection Bureau is facing mounting problems over racial disparities in its hiring and performance evaluation practices, which have drawn criticism and Congressional scrutiny. American Banker reporters discuss what's next for the CFPB and its critics, and what Director Richard Cordray could do to improve his agency's situation.

The payday loan business — loathed by some, misunderstood in others' eyes — stands on the verge of its biggest shake-up ever.

After slogging through several quarters of high expenses and shrinking profits, some lenders are now selling mortgage servicing rights to raise cash to cover payroll and expenses, industry sources say.

Leading bankers and presidents have been tied together over the decades by more than money and power. From the days of Theodore Roosevelt and J.P. Morgan on, blood ties have played a role, too. So says Nomi Prins, whose new book, All the Presidents' Bankers, profiles the close and complex relations at the top of American finance and politics.

Regulators cannot seem to understand that the changes effected by technological advances and modern risk management techniques have evolved banking practices and banking institutions into a new profession.

Last year, IdentityMind Global's banking partners began asking the anti-fraud and risk management provider to build an anti-money laundering system for the Bitcoin startups among the bank's clients. IdentityMind Global has now completed development on this AML technology.

A new book from Nomi Prins illustrates how the Wall Street-Washington symbiosis — the subject of much debate in the wake of the recent financial crisis — has existed for over a century.

With employee practices at the Consumer Financial Protection Bureau in the spotlight, CFPB Director Richard Cordray said his agency is focused on ensuring fair treatment.