Regulation

Bankers spoke openly about their frustration with new regulations during the ABA's annual conference, with one likening it to being repeatedly punched in the head.

Reforms to Harp will remove several barriers that kept underwater homeowners from refinancing their mortgages, but analysts disagree on what kind of effect that will have on the housing market and the economy.

Rep. Scott Garrett, a New Jersey Republican who chairs the House subcommittee with jurisdiction over Fannie Mae and Freddie Mac, plans to unveil a comprehensive bill to reform the secondary mortgage market on Thursday.

"Stay tuned." Those were the words Treasury Secretary Tim Geithner used on CNBC last week to apprise an angry public that more bank bashing is yet to come.

Fred Joseph, Colorado's banking commissioner, said Community Banks of Colorado should have been able to sell its branches in a bid for more time to resolve its problems. But the FDIC and the Fed overruled him — and then failed the bank.

WASHINGTON - The credit union industry has been lobbying the powerful congressional committee charged with reducing the deficit, seeking to ensure that credit unions preserve their tax-exempt status.

The Obama administration and FHFA abandoned key restrictions that prevented the original Harp program from taking off, including requirements for new appraisals and limits on loan-to-value ratios.

A housing regulator and the Obama administration on Monday are set to unveil a major revamp of a home loan refinancing program aiming to enroll hundreds of thousands of borrowers whose homes have declined in value.

A U.S. district court, responding to charges by the Federal Trade Commission, found a credit repair seller in contempt for violating a previous court order that required him to stop promoting worthless credit repair products and services to consumers.

The Federal Reserve usurps authority usually held by state regulators and fails a Colorado bank.