Regulation

Secretary of the Treasury Geithner's failed advice to the President Obama on how to solve the foreclosure crisis has apparently caused the president to reconsider prevention options.

Richard Berner, a counselor to Treasury Secretary Timothy Geithner, told members of a House Financial Services subcommittee that the new Office of Financial Research is "working diligently to satisfy its statutory mandates and mission."

Warren, now leading the formation of the Consumer Financial Protection Bureau, said while the new regulator reserves the right to halt marketing of financial services that are not consumer-friendly, there is no need for such a prohibition from the outset.

Moody's Investors Service said late Wednesday its decision to put the U.S. government's debt on review for possible downgrade could have implications for certain rated residential mortgage products.

The article "Fed Up with Talk, Bankers Try Reining in Regulators" really has me fed up.

What government with a population of 37 million, a GDP of $1.8 trillion and a widely derided political class has great trouble paying its debts?

WASHINGTON — The White House said Wednesday that President Obama would not sign any appropriations bill that would undermine the Dodd-Frank Act through funding limits.

Federal Reserve Board Chairman Ben Bernanke told lawmakers Wednesday that fixing the nation's housing finance system remains "the main piece of unfinished business" in financial regulatory policy.

A research paper calling for a pull back nowhere is it disclosed that the paper was at least partially underwritten by the private mortgage insurance giant Genworth Financial Inc., which stands to benefit from a pull back in the market by FHA.

A Government Accountability Office report Wednesday said proprietary trading has produced a relatively small share of revenues at the six largest banks, but the study quickly came under fire from two senators who called the GAO's findings thin.