Regulation

In speech to California bankers, comptroller indicates 'Volcker' trading ban and securitization rules could be completed soon.

The Consumer Financial Protection Bureau released its final rules restricting fees and lump-sum payments for certain high-cost loans on Thursday.

"Despite widespread fears by lenders that a 800-page rule released Thursday by the Consumer Financial Protection Bureau would end mortgage lending as we know it, the final regulation appeared to be significantly less onerous than many expected," writes American Banker's Rachel Witkowski.

The CFPB's final Qualified Mortgage rule exacerbates our dependence on the GSEs and FHA, potentially harms a large swath of potential borrowers and severely handicaps the market’s ability to effectively serve customers.

Regulators may be getting ready to order JPMorgan Chase to bolster its safeguards against money laundering.

There must be a concerted effort to open the way to successful homeownership to more Americans. This should include encouraging shorter-term mortgages so low down payment borrowers build equity faster.

While consumer groups were unhappy, lenders were pleased that the definition of qualified mortgages was so broad and that banks were given a safe harbor for prime loans.

Unlimited TAG insurance of noninterest-bearing deposits ended with 2012. Any shifting of cash from banks to money market funds has been modest so far.

The CFPB released rules Thursday that ban certain fees for modifying high-cost loans and expand the universe of loans protected by federal limits.

Five Senate Democrats are urging bank regulators to end payday-like lending.