Regulation

The Treasury Department has directed mortgage servicers to notify borrowers 120 days in advance of upcoming increases in monthly payments on loans previously reworked through the Home Affordable Modification Program.

Stanley Fischer, the nominee to become vice chair of the Federal Reserve Board, told senators his three years at Citigroup are not a roadblock but in fact boost his credentials as a regulator.

Sen. Elizabeth Warren, D-Mass., urged Banking Committee leaders on Thursday to give panel members ample time to consider their pending bill to overhaul the housing finance market before bringing the legislation to a markup.

Those who wanted to greatly expand the power of government over the financial sector, especially to expand the discretionary power of unelected agencies, took full advantage of the opportunity.

These market-based assessments would be more palatable to the "too big to fail banks" than any bank tax and would allow them to do what they do best -- make loans, writes bank consultant Ken Thomas.

Becoming a licensed money transmitter throughout the U.S. is a time intensive and costly process many Bitcoin businesses are struggling with. But the costs of compliance could be cut substantially with the proactive step of hiring in-house compliance officers.

Rep. Gary Miller, R-Calif., introduced legislation Wednesday to curb efforts by the Department of Housing and Urban Development to lower Federal Housing Administration loan limits.

WASHINGTON — Senate Banking Committee leaders are proposing to capitalize a new mortgage cooperative with a government loan to ensure small and even regional lenders can sell their loans for cash.

WASHINGTON — The Consumer Financial Protection Bureau announced several key hires on Wednesday, including a chief economist, financial empowerment director and market liquidity researcher.

Comptroller of the Currency Thomas Curry signals regulators are considering more Community Reinvestment Act changes as advocates say the progress to date is too timid.