The Top 7 Stories in Regulation & Reform
Published July 24, 2012 11:19 AM
1 Min Read
The CFPB and Department of Education warned that they see dangerous similarities between the subprime crisis and ongoing problems in the student-lending market. The CFPB suggested the solution may be allowing students to reduce loan amount in bankruptcy. (Image: Bloomberg News)
The elusive Texas community banker who's leading the courtroom fight against the CFPB took his case to Congress last week, telling Rep. Randy Neugebauer's subcommittee that the agency is a threat to community banks everywhere. (Image: Bloomberg News)
Sen. Carl Levin once again helped to expose massive anti-money laundering problems at HSBC, including running businesses on U.S. soil that had links to Iran and drug cartels in Mexico. (Image: Bloomberg News)
Regulators have suffered from the Goldilocks complex as they try to implement Dodd-Frank: trying to get the regulatory system just right. But two years after the law was passed, implementation feels like it has ground to a halt .
Nearly two years since its creation, the Financial Stability Oversight Council formally designated the first batch of non-bank "systemically important" firms, focusing on financial utilities including The Clearing House and CLS Bank International. (Image: Bloomberg News)
The CFPB took its first-ever enforcement action, hitting Capital One over card marketing practices for a total of $210 million in restitution and fines (including a separate $35 million fine from the OCC). (Image: Bloomberg News)
