Regulation

The unfortunate reality is that those who most need credit counseling help are also the hardest to reach. In a Q&A, the agency's financial literacy honcho, Gail Hillebrand, talks about efforts to empower the vast swath of American who aren't terribly savvy.

It's not quite too big to fail, but Ocwen is the country's largest servicer of subprime mortgages. So if it were forced to sell itself, or even failed, the transfer of some $410 billion in servicing rights could create havoc in the mortgage market, industry experts said.

WASHINGTON — Sen. Jack Reed, D-R.I., reintroduced legislation Monday that would require the president of the Federal Reserve Bank of New York to be nominated by the White House and confirmed by the Senate.

Sheila Bair, the former chairman of the FDIC, has the answer for significantly reducing the regulatory burden on small banks: give regulators the power to exempt institutions with less than $10 billion of assets from any new or existing regulation.

There's nothing wrong with big banks gaining market share because they offer the products and services that customers want. But there's a problem when big banks can beat off their smaller rivals with a club fashioned by legislators and regulators.

Taiwan Cooperative Bank has been cleared by the Federal Reserve Board to open a branch in New York.

The fight over the Dodd-Frank threshold for enhanced regulations is the first big legislative battle for a loose coalition of regional banks.

WASHINGTON — Federal regulators on Friday announced the second stage of a mandated review of banking rules meant to identify opportunities for relief.

WASHINGTON — Frank Keating, the chief executive of the American Bankers Association, is stepping down at the end of the year and a search for his successor has already begun.

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the Fed's proper role in speeding up the payment system; the perennial TBTF debate; and the privacy implications of anti-laundering regulations.