Regulation

Attorneys and consumer advocates gathered at the American Bar Association's winter meeting of consumer financial services attorneys raised various concerns about the CFPB and the impact it will have on federal preemption of state regulations of the bank and mortgage industries.

Over the weekend, international regulators said firms could fall below minimum liquidity requirements in times of stress. But according to the Fed's latest proposal, that may not be the case for U.S. banks.

The affordable housing goals at Fannie Mae and Freddie Mac have become a favorite punching bag for Republican presidential candidates. But as a senator, Rick Santorum pushed to strengthen those goals.

In the months before Bank of America Corp. acquired Countrywide Financial Corp., government officials exchanged emails discussing the beleaguered mortgage lender and rumors that it might collapse.

Robert Braswell, Georgia's banking commissioner, has learned a lot after seeing 74 banks fail in his state since 2008. He remains cautious about 2012 as his team emphasizes more risk control and corporate governance at the banks that remain.

Pennsylvania's Attorney General's Office renewed its lawsuit against defunct collection agency Unicredit America Inc. and now hopes to hold former company president Michael J. Covatto and former vice president Anthony D. Covatto personally liable for violations of consumer protection laws.

Former TARP special inspector Neil Barofsky blasted the Obama administration for undermining the CFPB with the recess appointment of Richard Cordray.

Peggy Twohig, the head of nonbank supervision for the CFPB, says the nonbank supervision team is working to assess risk in the market and identify which companies will be subject to exams.

In a speech to community bankers, Fed Gov. Sarah Bloom Raskin said community banks would not be subject to the same hefty requirements of their larger, more complex counterparts.

A federal judge has vacated a bankruptcy-court ruling that allowed Colonial BancGroup Inc. to access millions of dollars held in a disputed account, a win for the Federal Deposit Insurance Corp., the receiver for the holding company's former subsidiary, Colonial Bank.