Regulation

While Fannie Mae and Freddie Mac wait for Congress to decide when and how to act on housing industry legislation, the government-sponsored enterprises are working with their regulator on "nonlegislative GSE reform" that will better prepare them to implement new laws.

Some banks try to justify tight underwriting standards by arguing that borrowers with lower credit scores and those who can only afford lower down payments are more likely to default. But the research supporting this argument is based on outdated analysis of high-cost, risky loans.

Senate Banking Committee leaders are raising concerns about continued cyberattacks on the financial system and pressing regulators about their plans for fostering greater security.

The risk retention rule unveiled Tuesday was hailed by the industry for its definition of a "qualified residential mortgage," but analysts say a comeback for private-label securitization still faces huge obstacles.

New York banking regulator Benjamin Lawsky is sending a new warning shot over the bow of Ocwen Financial, which has been scrutinized by regulators for more than a year.

Richard Hunt of the Consumer Bankers Association describes the changes to the Consumer Financial Protection Bureau he'll press for in the next Congress, regardless of which party controls the Senate.

Richard Hunt of the Consumer Bankers Association describes the changes to the Consumer Financial Protection Bureau he'll press for in the next Congress, regardless of which party controls the Senate.

The Community Reinvestment Act is often used as a tool to address a broad range of social problems. But the law’s expanded purpose may distract banks from their primary mission of direct lending to low- and moderate-income communities.

The Federal Reserve Bank of New York botched oversight of the JPMorgan Chase & Co. office that suffered $6.2 billion in trading losses attributed to the so- called London Whale, a watchdog report showed.

WASHINGTON — U.S. regulators finalized a securities risk retention rule on Tuesday designed to set the stage for the future of the secondary mortgage market.