Regulation

A pair of longtime foes, community banks and credit unions, oppose CFPB rules and — gasp — are even willing to team up in lobbying for exemptions.

Accounting rules require banks to drain reserves when loan losses are low and build them up when problems abound, amplifying booms and busts. Allowing a long-run view of losses in setting reserves would improve financial stability.

Regulators in Massachusetts ordered a Nevada-based collection agency and its owner to immediately stop collecting payments on more than 100 illegal loans made to consumers in the state.

President Obama has nominated Rep. Mel Watt, D-N.C., to lead the Federal Housing Finance Agency. Editors discuss why the move has little chance of winning Congressional approval and is emblematic of Washington's housing reform dilemma.

Rep. Mel Watt will likely face an uphill to win confirmation as director of the Federal Housing Finance Agency, but nominating him has other advantages in the debate over long term mortgage policy.

Sen. Tim Johnson, chairman of the Senate Banking Committee, and Rep. Jeb Hensarling, chairman of the House Financial Services Committee, have remained mum over the renewed push to end "too big to fail", which has garnered attention recently from prominent lawmakers, regulators and pundits.

The consensus in Washington is that "more needs to be done" to end "too big to fail," but the bulk of the reforms Congress and the Basel Committee adopted in the wake of the 2008 crisis have yet to be adopted. So no one truly knows if we've done "enough" yet.

New York Attorney General Eric Schneiderman just can't wait for Edward DeMarco's reign at the Federal Housing Finance Agency to end.

National Mortgage Insurance is upending the traditional business model by underwriting every single loan it insures and promising not to ask lenders to pay claims on defaulted loans if the borrower had made 18 months of consecutive payments.

Regions Financial in Birmingham, Ala., is taking steps to conform its capital to evolving regulatory requirements.