Top 5 Stories in Regulation & Reform in the Past Week
July 2, 2012 11:48 AM
Former BB&T CEO John Allison retired three years ago, but announced last week he would be heading up the conservative Cato Institute as well as publishing a book on his views for how the country can dig itself out of its economic problems.
The financial markets and much of Washington are eagerly awaiting the release of big banks' living wills, which are designed to detail how they can be taken apart. The plans could ultimately determine whether "too big to fail" is really over .
The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks. (Image: Bloomberg News)
Banks had hoped the Supreme Court would put a stop to a blizzard of lawsuits filed against institutions for failing to have a sticker on their ATMs notifying customers of a potential fee. But in a case over whether consumers can still sue — even if the failure to follow a law doesn't hurt them — the high court decided not to decide . Banks are now looking to Congress to address the matter , which it started to last week. (Image: Thinkstock)
The Federal Home Loan Banks increasingly turned to offering short-term, unsecured credit to financial institutions exposed to the turmoil in Europe as the 12-member cooperative's advance business dwindled. The report from the Federal Housing Finance Agency's office of the inspector general is both startling and disturbing . (Image: Bloomberg News)
