Regulation

WASHINGTON — Regulators have officially gone back to the drawing board in trying to implement Dodd-Frank Act restrictions on securitized mortgages.

A heavyweight panel including former bank regulator Sheila Bair cautioned Wednesday that the Federal Reserve must take a clear and steady direction out of its "experimental" monetary policies so as not to further harm the economy.

The Federal Reserve Board said it will appeal a judge's decision invalidating the central bank's interchange fee cap, while both the Fed and merchant groups asked for more time before the lower court ruling takes effect.

According to a report released by the Consumer Financial Protection Bureau, mortgage servicing issues continue to be a significant problem despite the efforts of a renewed focus after the foreclosure crisis.

The group unveiled a new white paper Wednesday that outlines two alternative proposals for integrating affordable housing into the larger mortgage finance reform debate.

The Federal Reserve Board will appeal a court ruling that calls for the central bank’s debit swipe fee cap to be invalidated, its top lawyer said.

Despite better-than-expected returns so far, industry observers believe that the Treasury Department will take larger haircuts at is unloads less desirable stakes in banks.

Mortgage servicing issues continue to be a significant problem despite a renewed focus on the area in the wake of the foreclosure crisis, according to a report issued Wednesday by the Consumer Financial Protection Bureau.

Morgan Drexen, a debt-relief provider, is being sued by the Consumer Financial Protection Bureau for false marketing a month after the same company filed suit against the agency.

Policymakers and law enforcement should work with the Bitcoin community to realize the potential benefits of censorship-resistant money—and to develop tools and techniques to address the technology’s potential misuse.