Top 5 Stories in Regulation & Reform
August 13, 2012 10:02 AM
The CFPB is collecting the first money for its Civil Penalty Fund, a $25 million infusion of cash it received as part of the Capital One settlement. But Republicans are nervous about how the agency plans to spend the money .
Federal regulators are pressuring banks to reveal more about their litigation reserves - the amount of money they set aside to deal with lawsuits -as part of their stress tests. But their drive has sparked a battle with bankers who say they are going too far.
A growing cadre of former policymakers are pushing back against calls to restore the Glass-Steagall Act of 1933. They say that eliminating the separation of investment banking from commercial banking in 1999 had nothing to do with the financial crisis.(Image: Bloomberg News)
The Federal Housing Finance Agency warned municipalities considering using eminent domain to seize and write down underwater mortgages that it would "take action" if necessary to prevent them . The agency didn't say what it would do, but most lawyers say it is likely to prevail.(Image: Bloomberg News)
